Benin’s debut Eurobond issuance was one of the top sovereign transactions of 2019, decisively putting the country on the map for EM investors. Bonds & Loans caught up with the country’s young and enthusiastic Minister of Finance, Romuald Wadagni, to discuss the government’s borrowing strategy, the country’s impressive growth story, and progress on key reforms.
Viathan Group is an emerging energy player in the power and gas sector in Nigeria but in financing circles, the company is perhaps best known for its innovative 2018 infrastructure bond issuance – when it pioneered a new structure for the country’s capital markets. Babajide Ibironke, the Group’s CFO, talks to Bonds & Loans about the company’s growth ambitions and funding strategy, overcoming the perpetual dysfunction of Nigeria’s power sector, and discusses why ESG and fintech are unavoidable trends that finance professionals and financial institutions must embrace – or face obsolescence and extinction.
State-owned Enterprises (SOEs) play a significant role in the global economy – but in recent years, they have become synonymous with corruption and poor governance. Robert Besseling, Director at EXX Africa unpacks and assesses efforts (or in some cases, lack thereof) to reform.
The South African fixed income market is at risk of neglecting governance-related issues if domestic demand for fixed income assets continues to outpace supply, according to Rand Merchant Bank’s Co-Head of the Debt Financing Group.
The recent cancellation of high-profile Chinese infrastructure projects in Tanzania and Kenya does not indicate a shift in attitude towards investment from China, writes Robert Besseling, executive director of EXX Africa.
Bonds & Loans examines the strengths, weaknesses, opportunities and threats in Nigeria - Africa’s largest economy - following a research trip to the country.
South Africa-based pan-African telecoms operator MTN Group has been at the forefront of the industry’s transition towards data-centricity and, in Africa specifically, it is leading the region’s bid to use mobile technology to bolster financial inclusion and connect ever greater numbers of users to the internet. We speak with Ralph Mupita, MTN’s Group CFO, about the funding strategy underpinning the company’s bid to make mobile connectivity ubiquitous in Africa.
1 Aug 2019
While global and domestic investors looking at South Africa remain preoccupied with Eskom’s woes or the country’s lacklustre economic performance, many will have missed the impressive bounce-back in local currency capital market volumes after a trying and volatile 2018.
The establishment of the African Continental Free Trade Area (AfCFTA) is both ambitious and impressive, not the least of which because it created a platform for 53 heads of state across a vast and diverse continent to agree on something. But whether or not it’s a game changer for intraregional trade – or the region’s financial markets – depends to a large extent on whether Africa’s leaders knuckle down and finally address far more practical barriers to growth and cross-border commerce.
When the economy suffers, real estate is often among the first sectors to feel the pinch – and South Africa, where growth has stagnated amidst a hitherto volatile political landscape, is no exception. As the country’s recent election outcome heralds renewed optimism in the economy, we speak with Dirkje Bouma, Group Treasurer at Growthpoint Properties Limited, one of the country’s leading real estate companies, about its approach to funding innovation and generating new revenue streams in a tough market.
26 Jun 2019
- 4G Capital CEO Talks Co-opetition with Traditional Lenders in East Africa
- Off the Record in Kenya: Private Equity, Banking Consolidation, and a Blossoming FinTech Sector
- East Africa: SWOT Analysis
- Buoyed by Low Global Rates, African Sovereign Bond Sales Rise – But Debt Capacity Hasn’t
- CASE STUDY: Ghana Cocobod Secures Africa’s First Syndicated Sustainability-Linked Loan