The South African Treasury raised 11.795 billion rand (695 million USD) in its first bond issuance dedicated to financing infrastructure and development, with bids exceeding 26 billion rand (1.53 billion USD), representing a subscription rate of 2.2 times. The proceeds from the issuance will be used exclusively to finance projects under the Budget Facility for…...
Trending
- Nigeria: Ifeyinwa Osime takes over as President of Access Bank
- Ethiopia ends central bank monopoly on gold
- Togo: Fintech Ollo Africa increases its capital from 68 million to 1 billion CFA francs
- Zambia: Reinsurer Klapton Re expected to debut on the Lusaka Stock Exchange in March next year
- Ranking of insurance companies in Ivory Coast: SanlamAllianz leads in non-life, SUNU dominates in life
- Fintech: Nigeria leads Africa with 11 billion transactions in 2024
- Mozambique: Inauguration of a 200,000-ton graphite processing plant for an investment of 150 to 200 million USD
- Tunisia: HAYETT Assurances adopts a new visual identity and asserts its ambitions
South Africa raises 695 million USD through its first infrastructure bond
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com