• Contact
Saturday, January 28, 2023
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Africa must fight ‘strongman’ backslide, billionaire Ibrahim says

    Africa must fight ‘strongman’ backslide, billionaire Ibrahim says

    Trending Tags

  • Business
    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa startups defy funding slump as debt financing fuels growth

    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

    Ethiopian Airlines set to fly to Atlanta

    Ethiopian Airlines set to fly to Atlanta

    Angola: Poor Management of the Petroleum Sector with Effects on Declining Production

    Angola Sonangol plans to list on Angolan stock exchange by 2027

    Nigeria artists conquer the NFT marketplace in Africa

    Nigeria artists conquer the NFT marketplace in Africa

    African mobile game publisher Carry1st raises $27M in funding round led by Bitkraft Ventures

    African mobile game publisher Carry1st raises $27M in funding round led by Bitkraft Ventures

    The global online music streaming market to reach $29 billion by 2027, report

    The global online music streaming market to reach $29 billion by 2027, report

  • Finance
    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    Angola banks entry into local Bourse gives credibility to economy

    Angola banks entry into local Bourse gives credibility to economy

    Businesses in Nigeria are set to face an upset as interest rate goes up

    Businesses in Nigeria are set to face an upset as interest rate goes up

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Africa must fight ‘strongman’ backslide, billionaire Ibrahim says

    Africa must fight ‘strongman’ backslide, billionaire Ibrahim says

    Trending Tags

  • Business
    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa startups defy funding slump as debt financing fuels growth

    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

    Ethiopian Airlines set to fly to Atlanta

    Ethiopian Airlines set to fly to Atlanta

    Angola: Poor Management of the Petroleum Sector with Effects on Declining Production

    Angola Sonangol plans to list on Angolan stock exchange by 2027

    Nigeria artists conquer the NFT marketplace in Africa

    Nigeria artists conquer the NFT marketplace in Africa

    African mobile game publisher Carry1st raises $27M in funding round led by Bitkraft Ventures

    African mobile game publisher Carry1st raises $27M in funding round led by Bitkraft Ventures

    The global online music streaming market to reach $29 billion by 2027, report

    The global online music streaming market to reach $29 billion by 2027, report

  • Finance
    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    Angola banks entry into local Bourse gives credibility to economy

    Angola banks entry into local Bourse gives credibility to economy

    Businesses in Nigeria are set to face an upset as interest rate goes up

    Businesses in Nigeria are set to face an upset as interest rate goes up

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Economy

Cheap finance “a thing of the past” in Africa, says consultancy

TAB by TAB
04/07/2022
in Economy
0
Cheap finance “a thing of the past” in Africa, says consultancy
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Cheap finance “a thing of the past” in Africa, says consultancy

The Oxford Economics consultancy considers that “cheap funding is a thing of the past,” especially for frontier markets, which include Africa, which will face fewer lenders and more inflation.

Related posts

Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

28/01/2023
1
Ethiopia and the World Bank sign financing agreements worth $745 million

Ethiopia and the World Bank sign financing agreements worth $745 million

28/01/2023
1

In a note sent to investors, to which Lusa, the Portuguese news agency had access, the analysts wrote that “the world has changed and cheap funding of budgets in frontier markets is a thing of the past, in the current environment, African nations will face a smaller pool of investors in a context of galloping inflation and currency risks.”

The report on African countries’ financing conditions notes that despite the difficulties, African countries have “financing avenues” that are available and should be used to offset rising financing costs.

“We believe there are financing avenues that can be explored, including greater use of concessional financing options, preferably underpinned by a World Bank or International Monetary Fund initiative, and environmental, social and governance (ESG) bonds also offer a competitive price and support governance and accountability,” the report further reads.

The Oxford Economics analysts draw attention to the possibility of there being a funding shortfall due to a reduction in the liquidity available on international markets, in a context that, they warn, “is not favourable to good financing conditions for fragile African issuers, forcing nations that want to borrow to explore alternative financing options.

One such option, they note, is domestic debt, as Angola is trying to do, taking advantage of the launch of the stock exchange and the interest of foreign investors in the local economy due to the good momentum of macroeconomic conditions.

“The appetite for debt issued in local currency is increasing, in a context in which high inflation and exchange rate risks, such as uncontrolled depreciations, undermine attractiveness, on the contrary, investors anticipate a tighter monetary policy by the national authorities, which benefits the price of bonds,” the analysts write.

Oxford Economics, in its report on African countries’ financing conditions, also recommends that countries avoid taking on more commercial debt because “it puts sustainability at risk” and they argue instead that “African debt issuers need to explore cheaper options, including the concessional debt market or more targeted and growth-friendly instruments such as ‘green debt’ bonds.”

Cheap finance “a thing of the past” in Africa, says consultancy

Previous Post

Angolan appointed as African Force on Standby Chief of Staff

Next Post

10 African countries with the highest plastic waste production

Next Post
10 African countries with the highest plastic waste production

10 African countries with the highest plastic waste production

RECOMMENDED NEWS

Aleph Hospitality signs first hotel in Rwanda

Aleph Hospitality signs first hotel in Rwanda

11 months ago
10
MTN, Dangote Industries Limited, and DSTV rank among the most admired African brands in 2022

MTN, Dangote Industries Limited, and DSTV rank among the most admired African brands in 2022

8 months ago
4
Nigerian Petroleum Company announces USD 2,1 bn revenue in june

Nigerian Petroleum Company announces USD 2,1 bn revenue in june

1 year ago
13
Nairobi Securities Exchange plans to take up stakes in Botswana Stock Exchange, Nigerian Exchange and other bourses

Nairobi Securities Exchange plans to take up stakes in Botswana Stock Exchange, Nigerian Exchange and other bourses

9 months ago
3

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business – News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • BasiGo signs with AVA to assemble 1,000 electric buses in Mombasa
  • Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa
  • Africa will have 57 million pay TV subscribers by 2028, report

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In