The Africa Finance Corporation has invested in a huge wind farm project in Cape Verde, but its head of power Batchi Baldeh says that the continent cannot afford to be dogmatic about renewable energy.

Investment company sells controlling stake in Pharos Holding for an estimated EGP32mn (US$42mn).

Private-equity firm takes controlling stake in Danube.

The managing director of Alpen Capital, which advised India’s Jet Airways on its recent loan from a consortium of Gulf banks, expects a rise in cross-border financing this year.

French bank splits role between former corporate finance head and deputy risk officer as Thierry Aulagnon retires.

Despite a slow start to 2015, hopes are high for new names to enter the market this year.

The contract lifecycle management company, which spun off from Deloitte in October 2020, has raised millions, attracted several of its clients as strategic investors, and has set its sights on rapid growth in the EMEA region. 

The Islamic Development Bank became the first ever issuer to place a public Sukuk using the Secured Overnight Financing Rate mid-swaps as the benchmark. This was accomplished even though Sharia-compliant, Sofr-structured Sukuk are backwards looking versus Libor’s estimated future borrowing costs pricing.

According to a report by Standard Chartered, emerging markets like the UAE will require significant private investment if they are to achieve a just transition. 

Nigerian commodity exchange Afex has launched a US$100mn fund to improve food security across Africa, with smallholder farmers and warehousing infrastructure firmly in the fund’s sights for financing.

Tannenbaum steps up to run BofA EMEA global capital markets Heirs Holdings closes £1.1bn Nigerian oil and gas deal

Trade fintechs Bolero and Mitigram have partnered to provide what the companies say is a significantly faster alternative to completing trade finance requests than using pen and paper, but traditional methods remain tough to shake for corporate treasurers.