Fidelity Bank issued a 5-y USD300m Eurobond with a coupon of 6.875%. The issue price was 99.48 and the spread 635 bps over UST (7% yield). In our view, fair value was probably initially between 6.5% and 6.75%, slightly below the actual yield at issuance. That said, we expected the bond to trade…
“This should be a wake-up call to the global community not to dismiss these countries as lost causes. These signs of progress do signal that development can and is being achieved, even amid fragility and violence. But the challenges ahead for many countries are extremely tough. While these successes offer hope, the reality is that…
After a peaceful election and a rebound in growth, investor confidence in Kenya looks likely to rise. What’s more, barring political shocks and droughts, the Kenyan economy should grow robustly, in Standard & Poor’s Ratings Services view. However, political risks loom.
The Peace and Security Council of the African Union (AU), at its 372nd meeting held on 26th April 2013, was briefed by the Department of Political Affairs of the African Union Commission on its activities relating to past and upcoming elections in 2013 on the continent. Council also followed statements that were made by Kenya and Zimbabwe.
Didier Acouetey is the President and Founder since 1996 of the AfricSearch Group, first human resources consulting firm based in France, specializing in Africa, with branches in Abidjan, Dakar, Douala, Johannesburg, Lome and others African capitals.
The National Union of Mineworkers, an ally of South Africa’s ruling African National Congress, said it will ask for a double-digit increase in pay when negotiating with the Chamber of Mines in May. The demand will apply across the mining industry, NUM’s Secretary-General Frans Baleni said by mobile phone today. “We will try to conclude the negotiations before…
Alcatel-Lucent has signed two contracts for marine maintenance services over the West Africa Cable System (WACS) and Africa Coast to Europe (ACE) cable system.
Financial Afrik Premium
Accès illimité à 30 000 articles, archives 2013-2026, magazine PDF mensuel, alertes mots-clés, base de données dirigeants et newsletters premium.
à partir de 9 € / mois