Africa Loans

Emerging markets-focused miner First Quantum has launched a $2.5bn syndicated loan into the market, and is already attracting lenders new to the name.

Tanzania Electric Supply Company (Tanesco) has signed a $250m syndicated facility in a deal that bankers claim is the largest deal ever syndicated solely among east African banks.

Bunge Finance — Vallourec refis — Kenya starts loan talks — MTN South Africa picks Barclays for RCF

The Republic of Kenya is in talks with international banks to refinance the $600m two year bullet loan it signed in May 2012.

South African telecoms firm MTN Group has appointed Barclays to coordinate a $1bn five year revolving credit facility.

The Islamic Development Bank (IsDB) has arranged a $50m financing facility for an agricultural project in eastern Sudan.

Union Bank of Nigeria has signed a $100m fully underwritten deal to become the latest in a string of Nigerian financial institutions to tap the international loan market.

The Islamic Development Bank (IsDB) has approved $705m of facilities for infrastructure and human development projects in its latest round of financing for member countries.

Nigeria's Oando Energy has signed loans to part-finance its $1.63bn acquisition of ConocoPhillips' upstream oil and gas business in Nigeria.

The Islamic Development Bank (IsDB) has signed an Mr1.8bn ($220m) financing facility with Morocco for drinking water supply projects in Agadir and Chtouka Ait Baha, and the olive sector for small farmers.

The Islamic Development Bank (IsDB) and Senegal have signed facilities totalling $144m for the financing of three social projects in the west African country.

Egypt Electricity Holding Co (EEHC) is set to sign two dollar financing agreements with two multilateral organisations totalling $783m to build and develop power stations.