Rwanda plans debut eurobond to plug aid gap
Since getting much of its overseas aid cut off last year, the Rwandan government has faced problems plugging a gap in its budget.
No surprise then that it plans to take advantage of low borrowing costs in international debt markets. President Paul Kagame this week revealed more details of the east African nation’s anticipated debut eurobond issue. Continue reading »
Kenyan banks: party time
Kenya’s two biggest banks by market capitalisation, Equity Bank and Kenya Commercial Bank (KCB), both reported solid full year earnings on Thursday, underlining strong growth potential for financial services in east Africa’s largest economy. Continue reading »
Independent and small-scale oil companies like to be quick on their feet, beating the energy giants time and again in the exploration race. But in some of Africa’s more promising energy areas, regulatory hurdles and resource nationalism are starting to hold things up. Continue reading »
East Africa’s largest private equity fund Catalyst Principal Partners reached its final close last week, at $125m, writes Katrina Manson. It marks a growing pot of money chasing deals in the region whose nascent private equity industry has little record but is keen to make the most of a dearth of capital for a growth market of 200m people. Continue reading »
[video] Kenya’s resource surge
Kenya’s mining industry could be about to face a boost as new-found exploration potential and rising commodity prices see activity intensify. Katrina Manson, east Africa correspondent, reports from the Kwale Mineral Sands Project on what the developments could mean for the country.
Alcoholic drink maker Diageo released some impressive results this week on the back of continued strong performance in emerging markets, which now account for almost 40 per cent of the company’s revenues.
Today, East Africa Breweries (EABL), which is 50-per-cent owned by Diageo and is Kenya’s largest company by market capitalisation, released its full-year results, allowing a closer look at conditions in one of Diageo’s fastest-growing regional markets. Continue reading »
The African gold rush: tough for the little guy
Share prices for mining companies in the FTSE were down across the board on Monday by around 3 per cent but one (at time of writing) was falling more than all the rest: African Barrick Gold, which saw its share price fall more than seven per cent to 349.9p. The drop coincides with poor interim results for the first half of 2012 and the announcement of a new exploration programme in Kenya. Continue reading »
Emerging Capital Partners: a Kenyan love story (with coffee)
How does a place were “love stories were born, relationships blossomed and relaxation became an art” sound for an investment opportunity?
To Emerging Capital Partners (ECP), it sounds great. The pan-African private equity company announced on Monday it has acquired a stake in Nairobi’s Java House coffee house chain, highlighting the increased appetite of PE firms for East Africa. Continue reading »
| About this blog | Headlines email | Blog guide |
| Regulars | Series | Archive |
Stefan Wagstyl
Rob Minto
Pan Kwan Yuk
Jonathan Wheatley
Heba Saleh