Angola’s BAI Raised AOA57.5 Billion in Country’s First Public Sustainability Bond Offer
Banco Angolano de Investimentos raised AOA57.5 billion through Angola’s first public sustainability bond offering, pricing the three-year senior unsecured domestic issue with a 17% annual coupon.
South African Reserve Bank Unanimously Raised Repo Rate to 7.25%
The South African Reserve Bank unanimously raised its repo rate by 25 basis points to 7.25%, citing inflationary pressure from a persistent global supply shock despite a weaker growth outlook.
Ecobank set $2.6 billion lending goal for African women and agribusinesses
Ecobank committed $2.6 billion in lending by 2030, allocating $2 billion to women-led enterprises and $600 million to agricultural SMEs across its 34 African markets.
Airtel Money announces London flotation targeting $8 billion to $9 billion valuation
Airtel Money announced plans for a separate London flotation, with reports indicating an $8 billion to $9 billion valuation and roughly $800 million of existing shares to be sold in the pan-African payments business.
Kenya proposes open-finance and interoperability rules in National Payment System Bill
Kenya’s draft payments bill proposed consent-based customer-data sharing, system interoperability and trust-account backing, with a one-year compliance transition if Parliament eventually fully enacts the measure.
Investec forecasts higher first-half earnings as southern Africa offsets UK weakness
Investec forecast adjusted earnings per share of 41.7p to 43.3p for the first half, with Southern African profit growth expected to offset a weaker UK business.
Airtel Money reportedly considers cutting its London IPO fundraising to at least $800 million
Airtel Money reportedly considered seeking at least $800 million from its planned London IPO, below an earlier $1.5 billion to $2 billion range, according to media reports.
BCEAO certifies 24 business APIs for WAEMU regional instant-payment platform
BCEAO certified 24 business APIs for the WAEMU PI-SPI platform, covering payment initiation, mass requests, automated operations, real-time tracking and treasury management across the monetary union.
Nigeria’s Dangote Refinery IPO overwhelms digital investment platforms
Nigeria’s $1.6 billion Dangote Refinery IPO triggered outages at several digital investment platforms as retail subscriptions surged, testing systems built to widen access to the country’s capital market.
Co-op Bank executes Kenya’s first KESONIA cross-currency swap with EBRD
Co-operative Bank of Kenya executed a $50 million first tranche within a $100 million EBRD swap programme, using KESONIA to expand longer-term dollar financing for Kenyan businesses.
Senegal and IMF push for swift approval of $2.2bn programme after Washington meeting
President Bassirou Diomaye Faye met Kristalina Georgieva in Washington as Senegal sought quick IMF Board approval of a three-year, $2.2 billion Extended Credit Facility agreed at staff level on 1 September.
Angola cuts benchmark rate to 14.75% and eases bank reserve requirements
Angola’s central bank cut its policy rate by 100 basis points to 14.75% and lowered local-currency reserve requirements, following a decline in annual inflation to 8.78% in August.