Financing | - Part 2

AFC makes maiden $205m mining investment in Guinea-Conakry

LAGOS (Capital Markets in Africa) – An international consortium including Africa Finance Corporation (AFC) is set to invest in Alufer Mining Limited to fund the development of Guinea-Conakry’s high grade bauxite reserves. The US$205 million deal will be one of the largest foreign investments in the country since the 2014 Ebola crisis. Once complete, the project will increase production levels in line with global demand, which at present outpaces supply. Currently, there is a greater…

How the new lease accounting standard IFRS 16 affects financing transactions

Posted on by The Editorial Team

On 13 January 2016, the International Accounting Standards Board (IASB) issued its new international lease accounting standards IFRS 16 Leases which removes the distinction between finance leases and operating leases for lessees with effect from 1 January 2019. The new lease accounting rules will affect most companies that report under the full IFRS and will have a significant impact on those with large operating lease portfolios (such as some of those in the retail, transport…

Opportunities in Africa’s M&A Amidst Current Uncertainty

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – In spite of the current challenges facing the M&A landscape in Africa, there are pockets of opportunity as businesses review their strategies in response to changing global realities. The inability to confidently interpret information in Africa is fuelling uncertainty in the continent’s corporate transaction landscape. While this has lent an element of uncertainty to businesses considering African acquisitions, for those able to read the signs, Africa’s fundamentals remain positive…

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