Africa Loans
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State-owned Kenya Pipeline Co has mandated a consortium of six banks to arrange a $350m 10 year loan. -
More than a year and a half after first approaching the international loan market for its debut deal, Nigeria's United Bank for Africa has mandated lenders for a $225m loan.
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African Export-Import Bank has signed a $280m trade finance facility so that it can provide medium term funds for trade deals across Africa.
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While sukuk issuance so far in 2014 has lagged last year and 2012 (the busiest for that asset class yet), Emaar Mall’s recent $1.5bn financing has taken Islamic loans into post-crisis record territory, according to the IFIS Loans Database.
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Pan-African financial institution Ecobank has signed a $200m trade finance facility, which it will use to lend to African companies and small and medium sized enterprises.
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Angola's state owned oil firm Sonangol is preparing to launch a $2bn seven year pre-export finance facility into senior syndication.
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A winning team has emerged in the most hotly contested African trade finance deal of the year. Ghana's national cocoa board, Cocobod, has mandated a consortium of six banks to arrange its annual one year pre-export finance facility.
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Multinational firms are being cautious in their banking practices in Africa, as the absence of international banks has led to an uneasy reliance on local banks, according to the smartphone maker Motorola’s director of treasury for EMEA, Tim Westcott.
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Azura Power Holdings has signed $1bn of debt and equity investment to build a flagship 450MW independent power project in Nigeria.
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Emerging markets-focused miner First Quantum has signed an oversubscribed $3bn two and five year loan facility that was increased by $500m when the syndication drew strong demand.
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Azura Power Holdings has signed $1bn of debt and equity investment to build its flagship 450MW independent power project in Nigeria.
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Emerging markets-focused miner First Quantum has signed an oversubscribed $3bn two and five year loan facility that was increased by $500m when the syndication drew strong demand.
