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.
Project Finance
Strong trade winds are blowing throughout Sub Saharan Africa. Pushing companies forward are rising oil and commodity prices, but throwing the continent’s businesses off course is a deterioration of trust after a spate of defaults and the end of cheap credit globally.
Egypt stands at a crossroads both physically, situated between the Middle East and Africa and with the European market right next door, and with respect to its economic outlook.
The new African energy giant will help plug the continent’s power deficit, with former banker Banda at the helm.
EMEA Finance interview the renowned economist; Jeffrey Sachs.
World Bank president Jim Yong Kim sets out a radical agenda for his second term that will move it away from direct funding towards de-risking projects in Africa to make them more attractive to private capital.
A new economic plan for Sub-Saharan Africa’s largest economy may hinge on whether the government is willing to bite the bullet on currency liberalisation.
DONG Energy pushes forward with plans to add a further 5GW of offshore wind capacity to its portfolio by 2025 with major project awards in Germany.
Romania placed its lowest yielding 10-year bond ever in early April, and the sovereign was rewarded for holding off from printing immediately after its mid-February budget.
Islamic finance volumes fell off a cliff last year, but bankers are predicting a substantial increase in activity as more sovereigns from major Islamic finance hubs are turning to the international markets.
Sovereigns in the Middle East and Africa need to diversify their funding sources to replace their lost commodity revenues, and some may turn to Islamic finance in 2017.
