Sub-Saharan Africa

Standard Bank sees trade loan oversubscribe

Mon, 09 Nov 2009 15:42:30 GMT

Standard Bank has proved popular in the syndications markets and has scaled back its latest syndicated trade loan.

IDC backs Zimbabwean gold mine

Mon, 09 Nov 2009 14:40:14 GMT

The Industrial Development Corporation of South Africa (IDC) has signed a loan to mining firm, Mwana Africa, to develop its Freda Rebecca gold mine in Zimbabwe.

StanChart names new Africa commodity head

Mon, 09 Nov 2009 00:00:00 GMT

Greater concentration on African business sees Standard Chartered appoint Zhann Meyer as regional head of commodity traders and agribusiness.

FIMBank reveals global plans for trade

Thu, 05 Nov 2009 17:48:40 GMT

Punjab National Bank has partnered with FIMBank this week for a new joint venture in India - the first step of a much wider global expansion by the specialist trade finance bank.

Paladin picks new CFO

Tue, 03 Nov 2009 10:51:00 GMT

Australian uranium mining company Paladin has hired a new chief financial officer.

Sonara pre-payment loan closes

Fri, 30 Oct 2009 15:52:26 GMT

Banks have closed a pre-payment loan for Cameroon state-owned oil refiner Societe Nationale de Raffinage (Sonara).

Cocoa Livelihoods Programme launches in Ghana

Tue, 20 Oct 2009 14:26:39 GMT

The World Cocoa Foundation has launched a programme to improve the lives of cocoa farmers with backing from international business and government.

Nedbank signs Mozambique cotton PXF

Fri, 09 Oct 2009 16:17:54 GMT

Nedbank Capital has signed a Mozambican pre-export financing for UK cotton trader Plexus Cotton Limited.

Ecobank wins IFC award

Wed, 07 Oct 2009 10:36:23 GMT

Pan-African Ecobank has won the IFC award for client leadership

Alios Finance expands to Zambia

Fri, 02 Oct 2009 16:04:30 GMT

FMO has signed a loan through Massif to allow Alios Finance to lease to the Zambian market.

CNOOC negotiates Nigerian oil stakes

Tue, 29 Sep 2009 16:40:07 GMT

China's state oil and gas producer CNOOC is in talks with Nigeria to secure 23 onshore oil blocks.

India extends line of credit to DRC

Tue, 29 Sep 2009 13:44:29 GMT

India Exim has extended a $25 million line of credit to the DRC for water facilities

Ethiopia to launch warehouse receipt financing

Mon, 28 Sep 2009 13:10:09 GMT

The Ethiopian Commodity Exchange (ECX) has announced that it plans to roll out a warehouse receipt financing system in January 2010.

Ghana Cocobod PXF officially signs in Paris

Fri, 25 Sep 2009 00:00:00 GMT

A group of 33 banks are in Paris today for the official signing of Ghana Cocobod’s annual jumbo pre-export financing.

Sonangol refinancing closes oversubscribed

Wed, 23 Sep 2009 00:00:00 GMT

Calyon’s ‘bold’ move to fully underwrite Angolan state oil producer Sonangol’s latest refinancing has paid off as the deal closed today oversubscribed.

New Unctad report reveals sharp increase in agri-investment in sub-Saharan Africa

Mon, 21 Sep 2009 14:10:58 GMT

New Unctad report reveals emerging market investment in agriculture is on the rise since the food crisis. Africa sees the greatest investment in food production.

IFC and Japan boost trade finance in Africa

Mon, 21 Sep 2009 10:15:32 GMT

IFC and the government of Japan have hosted a trade finance seminar in the Democratic Republic of Congo.

IFC invests in Absa for Africa projects

Wed, 16 Sep 2009 15:15:03 GMT

IFC is investing in South Africa’s Absa Bank to provide funding for infrastructure projects in sub-Saharan Africa.

AfDB approves start-up grant for microfinance in Nigeria

Tue, 15 Sep 2009 17:44:14 GMT

The AfDB has approved a $1 million start-up grant to AB Microfinance Bank of Nigeria from a joint investment fund with Japan.

Standard Bank receives Chinese loans

Fri, 11 Sep 2009 14:51:50 GMT

Chinese Banks have clubbed together to provide a loan for South Africa’s Standard Bank marking the Asian market’s first investment of this kind in the bank.