New Partnerships

EM REGIONAL BANKING FOCUS: AFRICA   By Nick Kochan   Africa's banks are looking to forge new links as they seek to expand across the continent.   The African banking industry has emerged from the global financial crisis largely intact ...

Emerging Markets: Africa

ROUNDUP   By Antonio Guerrero   Front right: Corruption fighter Goodluck Jonathan Flushed with confidence after its peaceful referendum on a new constitution, Kenya plans to issue $390 million of infrastructure bonds, the government’s fourth such issue. The bonds will ...

Kenya To Become Green Power Pioneer

KENYA   By Dan Keeler   Kenya’s Olkaria II geothermal plant generates 70MW Kenya’s government is looking for a strategic investor to buy 19% of the country’s principal electricity supplier, the Kenya Electricity Generating Company (KenGen). Eddy Njoroge, KenGen’s managing ...

Emerging Markets: Africa

ROUNDUP   By Antonio Guerrero   The African Development Bank (AfDB), which plans to increase its capital base to $100 billion, launched a $600 million fund to strengthen African banks. The fund was created through a partnership with the European ...

Regional Report: West Africa

REGIONAL REPORT: REGIONAL RESURGENCE   A flurry of bond issues illustrates the growing confidence west Africa’s nations have in their economic and political futures. Nigeria and Côte d’Ivoire are leading the way.   By Nick Kochan   The contrasts in ...

Emerging Markets Roundup: Africa

Roundup   By Antonio Guerrero   South Africa’s central bank: Shareholders to get less control Nigeria has secured a $915 million concessionary loan from the World Bank to help the government fund infrastructure development projects. Funds will be drawn between ...

Emerging Markets: Africa

Roundup   By Antonio Guerrero   Digging deep: Companies mining in Zambia face high taxes The World Bank is asking members to support a controversial $3.75 billion loan to Eskom, South Africa's state-run power utility. The loan would be used ...

Emerging Markets: Africa

Roundup   By Antonio Guerrero   Nigerian central bank’s energy fund has caused controversy South Africa’s $2 billion dollar-denominated sovereign bond issue in March marked the country’s largest-ever foreign-currency-denominated security. The 10-year paper carries a 5.5% coupon, which is the ...

BEST EMERGING MARKET BANKS AFRICA 2010

Global Finance names the 2010 World's Best Emerging Market Banks in Africa   NEW YORK, March 23, 2010 — Global Finance magazine (www.gfmag.com) has named the "Best Emerging Market Banks in Africa" in an exclusive survey to be published in ...

Emerging Markets: Africa

Roundup   By Antonio Guerrero   Under threat: Wildlife in Uganda’s Kabwoya reserve African Union (AU) heads of state attending a February summit will review plans to create a $4 billion Libya-based African investment bank. South Africa, Nigeria, Libya, Algeria ...

Features: Regional Report: Southern Africa

In From The Cold   Global businesses and investors are taking more interest in sub-Saharan Africa, home to some of the world’s most neglected emerging markets.   By Antonio Guerrero   Sub-Saharan Africa has long been considered to be on ...

Emerging Markets: Africa

Roundup   By Antonio Guerrero   Game on: South Africa prepares for the 2010 World Cup This year’s FIFA Soccer World Cup in South Africa will inject nearly $7.5 billion into the nation’s economy, according to a study by the ...

Emerging Markets: Africa

Roundup   By Antonio Guerrero   Panning for gold: African mines spark investor interest Rising gold prices have sparked renewed interest by foreign investors in African mines. Banro, a Canadian gold miner, expects to close a debt financing deal for ...

Emerging Markets: Africa

Roundup   —Antonio Guerrero   China is extending its access to Africa’s raw materials with a new deal in which it will provide some $7.2 billion in financing to the de-facto government in Guinea, the world’s largest bauxite producer and ...

Emerging Markets: Africa

Roundup   By Antonio Guerrero   Trade between Africa and China is slowing Africa has emerged as one of the key casualties of the global economic slowdown, after newly released figures show its exports to China plummeted this year. Trade ...