East African renewable energy provider M-Kopa Solar has raised US$80mn in commercial debt funding, and the company’s chief executive tells EMEA Finance that more loans are likely at the parent company level.
Nigeria has become the first sovereign in Africa to issue a green bond, and hopes are growing that other countries will dip their toe into the region’s nascent market.
Bahrain has issued a defiant response to the downgrades of its sovereign debt by a leading credit ratings agency and the decision by the International Monetary Fund to forecast a slowdown in economic growth.
Emaar Development priced the largest initial public offering the Dubai exchange has hosted for three years, but some are warning that the global equity markets are being driven by investors’ fear of missing out rather than faith in strong fundamentals.
Off-grid power and captive energy projects are taking up some of the slack as big infrastructure deals stall, says Standard Bank.