Africa

  • EM loan bankers ‘not very confident’ of deal boost

    EM loan bankers ‘not very confident’ of deal boost

    The number of emerging market syndicated loans is in decline for the fourth year in a row, according to Dealogic data. Bankers' outlooks for the rest of the year err on the pessimistic side, with the fallout from the pandemic being the main concern.

  • Puma Energy secures loan months after failed bond

    Puma Energy secures loan months after failed bond

    The Singapore-incorporated global energy company Puma Energy has bounced back after a planned bond issuance last year failed to materialise, raising $590m in the loan market. Sources say the company’s change of management and reorganisation brought a “sense of relief”.

  • Tunisia CB chief: IMF first, capital markets later

    Tunisia CB chief: IMF first, capital markets later

    As its debt-to-GDP ratio inflates and its public finances come under pressure, some have wondered if Tunisia will succumb to a debt restructuring process. But the governor of the Central Bank of Tunisia, Marouane El Abassi, told GlobalCapital that the country is intent on securing new IMF funding as a prerequisite to entering capital markets.

  • Airtel Africa calls on international lenders for cash

    Airtel Africa calls on international lenders for cash

    Airtel Africa, the UK telecommunication company providing services across Africa, has raised $500m from a range of international lenders. It becomes one of the latest Africa-based issuers to inject activity into the syndicated loan market.

  • SDRs: better late than never

    SDRs: better late than never

    The announcement this week that the IMF is on its way to issuing a further $650bn of special drawing rights, providing central banks with extra foreign currency liquidity, should not be criticised for being too little, too late. It marks a much needed return to multilateralism, something that the developing world will benefit from.

Africa News Archive