The Editorial Team

itch: Pan-African Moroccan, South African Banks Benefit from Regional Operations

Fitch Ratings-London-31 May 2024: The African subsidiaries of large pan-African banking groups based in Morocco and South Africa will continue to have good profitability in 2024 and 2025, supported by still-high interest rates, stabilising currencies and steady balance-sheet growth, Fitch Ratings says. This will help to offset some ongoing underperformance in the groups’ domestic markets. Morocco-based Bank of Africa (BOA; BB/Stable), Attijariwafa Bank (AWB; BB/Stable) and Groupe Banque Centrale Populaire (GBCP; unrated), and South Africa-based…

Empowering Telecom Innovation: 5th Edition Connected Africa Summit Shines in Johannesburg

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Johannesburg, South Africa – The 5th Edition Connected Africa Summit – Africa’s Premier Telecom Summit, co-hosted by Accenture, concluded with resounding success, marking a pivotal moment in the telecommunications landscape of the continent. Held in the vibrant city of Johannesburg, this year’s event served as a testament to the region’s leadership in driving innovation and excellence in the telecom sector. A Dynamic Gathering of Telecom Leaders With an impressive turnout of over 300 attendees representing…

Celebrating Excellence: Award Winners of the 5th Edition Connected Africa Summit – Telecom Innovation & Excellence Awards 2024

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Johannesburg, South Africa – We are thrilled to announce the distinguished award winners of the 5th Edition Connected Africa Summit – Telecom Innovation & Excellence Awards 2024. This year’s summit in Johannesburg served as a beacon of celebration, honoring the extraordinary achievements and innovations within the telecommunications sector, and recognizing the outstanding contributions of industry leaders. Excellence Across Categories The awards ceremony highlighted excellence across various categories, showcasing the relentless pursuit of innovation and excellence…

Launching a startup in Africa: OX Delivers

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LONDON (Capital Markets in Africa): At AFSIC – Investing in Africa 2024 dialogue focuses on nurturing investment and collaboration across the investment value chain and driving sustainable growth in Africa. With a wide variety of industry sectors attending and many of the key financial sector participants present, investors attend AFSIC looking for new investment ideas or looking to raise capital for their own funds. To help facilitate this the AFSIC Investor Pitching room offers quickfire…

IFC, British International Investment and Proparco agree €87 million loan to Support Sonatel’s Telecoms Expansion in Senegal

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KIGALI (Capital Markets in Africa) – To accelerate Senegal’s digital transformation, IFC and partners British International Investment (BII) and Proparco today announced a financing package for Sonatel to improve essential telecommunications infrastructure in the country and expand access to reliable, affordable mobile and fixed broadband services. The local currency equivalent €87 million, sustainability-linked loan includes €32 million from IFC, €25 million from BII, and €30 million from Proparco. The funding will help Sonatel, the largest…

Landmark moment for African climate investment as sustainability bond secures London listing

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LONDON (Capital Markets in Africa) – African climate investment received a landmark boost today with the cross-listing of NMB Bank’s (NMB) inaugural sustainability bond, the NMB Jamii Bond, on the London Stock Exchange. It will represent a new, vital and symbolically important route for institutional investors in the world’s largest capital markets to commit funds into African climate finance and development vehicles. BII was an anchor investor in the Tanzanian shilling tranche of the NMB…

Market update: FTSE 100 revs up a gear again

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LONDON (Capital Markets in Africa) – The FTSE 100 has set off on a climb higher, nudging ahead again on a record-breaking run. The fresh pulse of positivity comes as ceasefire negotiations in the Middle East continue and a more optimistic sentiment washes over the London market. Even the surprise resignation of HSBC boss Noel Quinn, didn’t stop the banking giant from posting share price gains this morning. Sharp gains may be held back, with…

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