The Editorial Team |

Sub-Saharan Africa: Long-term debt inflows rise 34%, China biggest bilateral creditor.

Lagos, Nigeria, Capital Markets in Africa — The newly released 2016 edition of the International Debt Statistics (IDS) shows that external borrowing by countries in the Sub-Sahara Africa, excluding South Africa, has risen rapidly and been marked by a distinct change in borrowing patterns and creditor composition. Disbursements of long-term debt increased 34 percent in 2014 (to $54 billion), triple the comparable figures for other low- and middle-income countries, with private creditors accounting for 60 percent (50…

Angola’s central bank hikes benchmark interest rate to 11.00% in December

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Luanda, Angola, Capital Markets in Africa — National Bank of Angola (BNA, Banco Nacional de Angola) Monetary Policy Committee (CPM) held a meeting on 21 December 2015, its 51st ordinary session and decided to increase the Basis Interest Rate to 11.00% from 10.50%, to maintain price stability, and taking into account the economic outlook. Furthermore, the CPM increase the Marginal Lending Rate from 12.5% to 13% but reduce the Overnight Liquidity Absorbing Rate from 1.75% to…

Table: African Eurobond yields narrow after US Fed Rate Hike

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FMO supports inclusive finance in Africa

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HAGUE, Netherlands, Capital Markets in Africa — The Dutch development bank, FMO, has provided a five year loan for USD 10 million from the MASSIF fund to VisionFund International (VFI), a global microfinance organisation. This transaction will especially benefit rural communities and female clients from VisionFund’s African microfinance institutions (MFIs). In addition, FMO has also provided a USD 275,000 Capacity Development (CD) grant to support VFI with an innovative approach to disaster resilient microfinance. VFI…

International public and private partners invest USD 137 million in healthcare in Africa

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HAGUE, Netherlands, Capital Markets in Africa — A diverse range of public and private organizations, including multinational companies, pension funds and development finance institutions are investing millions in Africa’s private healthcare sector. On the afternoon of Wednesday 16 December investors will take part in a ceremonial signing event at the Dutch Design Hotel Artemis in Amsterdam. International Finance Corporation (IFC), European Investment Bank (EIB), Netherlands Development Finance Company (FMO), Dutch Good Growth Fund (DGGF), ACHMEA…

Bank of Uganda maintains benchmark rate at 17 percent

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KAMPALA, Uganda, Capital Markets in Africa — Bank of Uganda kept the Central Bank Rate (CBR) at 17 percent on Wednesday, saying hikes of 6 percentage points since April had helped slow a rise in core inflation, according to the Monetary Policy Committee (MPC) Statement for December 2015 issued to the press by Professor Emmanuel Tumusiime-Mutebile, Governor Bank of Uganda. The MPC believe that the decision to keep the CBR unchanged is consistent with stabilising core inflation…

Barclays considers scaling back in Africa —- FT

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LAGOS, Nigeria, Capital Markets in Africa — New Barclays Chief Executive Jes Staley is considering selling some or all of the British bank’s African operations as part of his strategic review, the Financial Times said. Staley has raised questions about the strategic fit of the large African business with the rest of Barclays, but no decision has been taken yet, the FT said on Wednesday, citing people familiar with the matter. Barclays declined to comment….

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