Friday, October 31, 2025
31.3 C
Lagos

Debts Issuances in Sub-Saharan Africa Fall 10% in 1st Half 2016 to $6.9bn

Debts issued by the Sub-Saharan African (SSA) States and companies in the first half of 2016 amount to $6.9 billion, thus 10% down compared to the first half of 2015. This was revealed by data released on July 18 by Thomson Reuters and Freeman Consulting.
Benefiting from extremely low interest rates and investors’ growing appetite for debt securities of emerging economies, Sub-Saharan African nations and firms borrowed massively on international and local markets over the past years.
However, the perspective of an increase in US interest rates, slowdown of local economies and grim projections for commodity prices caused last year these states and firms to be less incline to issue bonds.
From January 1, 2016 to June 2016, Cote d’Ivoire, with $4.1 billion, was the largest issuer of debt securities in the sub Saharan region. It totaled 59% of overall issued debts. WAEMU’s (West African Economic and Monetary Union) driver is followed by South Africa which gathered 31% of overall issuances in the region, $2.1 billion.
Thomson Reuters also said that merger-acquisition transactions targeting SSA firms in the first half of 2016, dropped by 27% to $12.8 billion.
As for commissions collected by investment banks in the region, they decreased by 22% over the first six months of the year, to $173.9 million.

spot_img
spot_img
spot_img

Hot this week

Jiji Launches “Deals Na Water” Black Friday with up to 85% Off for Shoppers

Maxim Makarchuk COO Jiji Africa Jiji, Nigeria’s leading online marketplace, has officially...

What Happens to Pension Benefits When a Contributor Dies?

Pension schemes are a cornerstone of financial security for...

Access Holdings Records N3.9tn Gross Earnings in 9 Months

Access Holdings Plc has announced its nine-month ended September...

NCDMB to Train over 10,000 Nigerians in High-Demand Oil Skills

Spurred by the resurgence of big-ticket investments and new...

NGX Group Chair, Umaru Kwairanga, Draws Roadmap for Leadership in Nigeria

   Being the remarks by Alhaji (Dr.) Umaru Kwairanga, Group...

Topics

Tanta Secure Unveils Corporate, Individual Plans to Smartphone Users

Tanta Secure Limited, an indigenous device protection and information...

TotalEnergies, Air France-KLM Sign MoU for 10-Year Supply of Aviation Fuel

TotalEnergies and Air France-KLM have signed a Memorandum of...

NITDA, IDC to Examine Developments in WA’s Digital Economy June 22

  The advancement of Nigeria's digital economy has been a...

Special Report: The Leading Insurance Companies in Nigeria

The Tunisian Federation of Insurance Companies “FTUSA” and Tunisian Reinsurance Company “TUNIS RE” are honored to host the 42nd AIO Conference and General Assembly from 24th to 27th May in Gammarth, Tunisia. The conference will be organised under the auspices of the African Insurance Organisation “AIO.” This conference presents a good opportunity for a valuable exchange of ideas and experiences in order to support business exchange between the different partners of our industry.

‘Tokyo 2020 Olympic Games to Go On Despite Coronavirus’

Yesterday, the International Olympic Committee (IOC) met with all...

‘OML 29 Is Not For Sale’–Aiteo

Below is an official statement from the Aiteo Group...

Lamido of Adamawa Commends NCC’s Consumer Protection Initiatives

The Lamido of Adamawa, Dr. Muhammadu Mustapha, has commended...

Nestlé: ‘More Women in the Workplace Make Business Sense’

Nestlé has launched an ambitious Gender Balance Acceleration Plan ‘From...
spot_img

Related Articles

Popular Categories

spot_imgspot_img