CEO CFO Insights Africa
16 Oct 2018 Africa
Madhukar Khetan, Chief Operating Officer at Dufil Prima Foods, spoke to Bonds & Loans about the Nigerian company’s expansion plans, cost-revenue balance, and the role of the issuance house for the local debt capital market.
Cape Town is one of the few municipalities to have issued a green bond, a hugely successful transaction that generated significant oversubscription despite a challenging local market backdrop. We spoke with David Valentine, the Treasury Director and Janine Marion Abrahams, Head of Bank and Treasury Loans, Finance and Treasury Department at the City of Cape Town, about how it prepared for the transaction and why it chose to issue.
Despite overall syndication volumes down year-on-year, Sub-Saharan and East African markets are seeing pockets of activity and positive developments, including extending tenors and more corporates coming to market. We speak to Samta Lalan, Head of Distribution at Nedbank, about the lender’s key focus areas, market outlook and challenges facing the banking industry in Africa.
With pressure on high-yield assets and non-investment grade credit across EMs, Mixta Africa, an African property developer and fast-rising player in the continent’s real-estate market, is doubling down on its corporate principles – including adaptive product development, low cost land acquisition and establishing local communities – to navigate those challenges. Bonds & Loans speaks with Benson Ajayi, Executive Director and Chief Financial Officer for Mixta Africa about this and more.
Financial inclusion has been a challenge that African FIs have struggled to overcome for decades, with vast chunks of the population remaining unbanked to this day. Now a number of microfinance institutions are using fintech tools and disruptive technologies to bridge that gap. Tim Nuy, CEO of Mybucks, spoke to Bonds & Loans about the company’s achievements and goals for this year.
A core part of Kenya’s Vision 2030 plan, the water and sanitation sector is driving significant improvements in the quality of life of the country’s citizens, and after years of regulatory review it is only just beginning to open up to private sector funding. Robert Bunyi, CEO of the Kenya Pooled Water Fund talks to Bonds & Loans about why green bonds could help funnel billions of shillings to the sector, and discusses the company’s own issuance plans.
22 Jun 2018
Africa has a thriving telecoms sector with huge growth potential, but economic and political risks appear elevated – particularly in the continent’s largest economies. Thuto Shomang, Group Executive – Treasury at MTN Group, Africa’s largest mobile telecoms operator, talks to Bonds & Loans about the company’s funding objectives in 2018, and shares his views on how US monetary policy and credit ratings could weigh on MTN’s bid to diversify its sources of funding.
The Eastern and Southern African Trade and Development Bank, known more commonly as TDB and, formerly, PTA Bank, is a specialized African regional FI - one of the fastest growing investment grade rated multilateral DFIs on the continent. We speak to Abraham Byanyima, Treasury Executive, about the bank’s recent dual-tranche conventional & Islamic bond, East Africa’s private banking industry and TDB’s borrowing plans.
The ability for real estate firms to raise long-term liquidity depends on a complex set of interrelated factors – interest rates and pricing, tenor availability, asset liquidity, and the health and sophistication of the mortgage market, to name a few. Benson Ajayi, CFO at Mixta Africa, one of the continent’s leading real estate firms speaks with Bonds & Loans about how the company is navigating these factors to optimise its capital structure.
Private sector credit growth slowed to record lows this year, but there is reason to believe many of the factors driving this – a drought-induced economic slowdown, political volatility, and an interest rate cap – will moderate in 2018. Wegoki Mugeni, Stanbic Kenya’s head of debt capital markets for East Africa, shares her views on why this is likely to create a supportive environment for more bond issuance.
- Chellarams CFO: ‘Bond Market in Nigeria Needs to be Less Prohibitive’
- In Cotton and Textiles, Nigeria’s Import Restrictions Create Opportunities for Mid-Sized Players
- Dufil Prima Foods COO on Nigeria's Economic Outlook and Bond Compliance Process
- Olam Africa, Middle East CFO: Challenging Times, Huge Growth Opportunities in Agribusiness
- Access Bank CFO Seyi Kumapayi on Managing Risk in a Tough Market
18 Oct 2018