bond Archives - AfricaBusiness.com

13Dec

By Africa BusinessNo Comments

African Banking innovation sees AfDB approving multi-currency line of credit of USD 300m

By Thandisizwe Mgudlwa The African Development Bank has extended the equivalent of USD 300 million to FirstRand Bank Limited to support projects across Africa This week an announcement from Tunis, Tunisia, revealed that the African Development Bank has approved a seven-year multi-currency line of credit for an amount equivalent to USD 300 million to FirstRand Bank Limited (FRB) of South Africa to finance a wide range of projects in local currencies and across Africa. And most African countries are characterized by low discretionary rates of domestic savings. As a result, the intermediation capacity of the financial sectors is limited, leading to the gap currently being filled with borrowings denominated in foreign currency. However, this introduces a currency mismatch in the fi...

IMN’s 10th Annual South African & African Capital Markets Conference

IMN's 10th Annual South African & African Cap Mkts Conference (Microsoft Word) 22-23 November 2012 The Westin Cape Town, Cape Town, South Africa NEW YORK CITY, NY – As we enter this next decade in the event's timeline, IMN and our event sponsors will build on our excellent reputation as the only 'must attend' capital markets conference in South Africa. Join us in Cape Town 22-23 November 2012, as the South African and African Capital Markets communities convene to explore and define the road ahead for the international debt capital markets. Co-Host: IFC The conference is co-hosted by IFC, a member of the World Bank Group and the largest global development institution focused exclusively on the private sector. IFC helps developing countries achieve sustainable ...

AfDB hosts a workshop to boost local currency bond market development in Africa

Few African countries can effectively access capital in their domestic markets TUNIS, Tunisia, October 24, 2012/African Press Organization (APO)/ – The African Financial Markets Initiative (AFMI), managed by the African Development Bank (AfDB) (http://www.afdb.org), hosted a Pan-African Stakeholder Workshop from October 22 to 24, 2012, at the Ramada Plaza Hotel in Tunis. The workshop offered a unique opportunity for policymakers and market participants to share experiences and contribute to discussions on critical issues facing the development of local currency bond markets in Africa. Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/african-development-bank.jpg In contrast to other regions in the world, few African countries can effectively access capita...