FCMB Asset Management Limited’s Post

Settling Ways and Means Advances: Is Nigeria's cyclical strategy of clearing debt obligations with new ones a working model? Sam Chidoka of Kairos Capital Limited shares insights on Nigeria's signals to investors, debt management and the journey to get us out of stagflation. #davidalabi #businessreporter #cnbcafrica #cbn # debtmanagement #trills #bonds

#Anotheropportunitytostartwithyourinvestmentjourney #investnow My firm opinion has always been it’s never too late or too early to start investing. Little drops of water make a mighty ocean and understanding the principles behind savings/investing will help us take that first step. The FGN savings bond speaks to that principle, with a minimum subscription of N5000, start your investment journey today. The interest rate is also competitive. Your friendly investment companion is always here to nudge you in the right direction. Start today.

Yesterday, the Federal Government of Nigeria through the Debt Management Office, hosted a hybrid roadshow for the Domestic FGN US Dollar Bond. United Capital Investment Banking served as the Lead Issuing House for this groundbreaking bond, the first of its kind in Nigeria. We are proud to be at the forefront of this strategic initiative by the Federal Government of Nigeria, which serves as a catalyst for the nation's economic growth. Stay tuned for more updates on this! #UnitedCapital #Investment

🌟1ST OF ITS KIND🌟 Thrilled for TLG Capital to open a facility of $3m to finance BFREE’s rollout of ethical debt collection systems in Nigeria. 1. We buy portfolios of non-performing microloans from commercial banks and microfinance institutions 2. We offer the stressed borrowers longer periods of time to repay without accruing further interest Nigeria has faced a serious strain in recent months as the currency went through 70%+ currency swings. As conditions improve, our goal is to give borrowers breathing room and banks capital relief. This product is the first of kind on the African continent, and we expect significantly more demand over the coming year. Sustainable lending begins with offering dignified solutions to struggling borrowers. If you are an MFI or commercial bank interested in partnering, please reach out to us. Has been a pleasure working with Julian Flosbach, Chukwudi Enyi, and Yohan Théatre at the BFREE team alongside Johnnie Puxley, Aum Thacker, and Karan Talcherkar from TLG’s team. As you all know, it’s a huge amount of work to get these deals done, especially when it’s never been done before. This represent’s TLG’s 39th investment. You can read more about the transaction here: https://lnkd.in/eXxsB3fr

African Development Bank to Invest Sh1.5 Billion in Dhamana Guarantee Company to Revive Corporate Bond Market The African Development Bank Group (AfDB) has announced a $10 million (Sh1.5 billion) equity investment in Dhamana Guarantee Company Ltd. This new bond insurance firm aims to revive the corporate bond market in East Africa. Dhamana will be based in Kenya and provide borrowers credit guarantees, making it less risky for investors to invest in corporate bonds. The investment is expected to help borrowers raise funds from institutional investors, such as pension funds and insurers, to fund infrastructure projects. Dhamana is committed to catalyzing financing for green and sustainable infrastructure projects in East Africa. The corporate bond market in Kenya has shrunk in recent years due to losses on debt issued by troubled firms. The AfDB hopes that its investment in Dhamana will help to restore investor confidence in the corporate bond market. The AfDB's investment in Dhamana is a significant step towards reviving the corporate bond market in East Africa. By providing credit guarantees, Dhamana will make it less risky for investors to invest in corporate bonds, which will help increase funding for infrastructure projects. #bonds #markets (Story on Business Daily)

The Abu Dhabi wealth fund ADQ, as confirmed by a senior government source to Enterprise, has delivered the second tranche of the $35 billion Ras El Hekma agreement on Sunday. This tranche includes $14 billion in fresh inflows and $6 billion previously deposited by the UAE at the Central Bank of Egypt (CBE). The funds are expected to land in the state’s coffers between late April and early May. We previously received the first $15 billion tranche of the payment in late February. This was divided into $10 billion in fresh inflows and $5 billion from a prior UAE deposit at the CBE. Around $11 billion of Egypt’s external debt is set to be forgiven through the Ras El Hekma agreement. Egypt's foreign debt rose to $168 billion in the first half of the current fiscal year, up by $3.3 billion from the end of the previous fiscal year. Additionally, the CBE plans to inject $6 billion from the Ras El Hekma proceeds into the banking sector to ensure adequate liquidity for banks, enabling them to address arrears and expand foreign exchange allocations beyond essential goods importers.

The African Guarantee Fund and United Bank for Africa have forged a partnership poised to empower Small and Medium Enterprises (SMEs) across 20 African nations. As revealed in a statement from UBA on Monday, this collaboration entails AGF's commitment to providing a $50 million Portfolio Guarantee to support and secure SMEs. Additionally, it will facilitate comprehensive capacity development for the bank's clientele engaged in small-scale enterprises throughout the continent, with a particular emphasis on women-led businesses and initiatives in green finance. #RaedialHoldings #IndustryTrend #FinanceTips #Finance #Investments #SME #Loans #SMELoans

Ghana reached an agreement in principle with private creditors to restructure about $13 billion of debt, a key milestone in the West African country’s efforts to overhaul its loans. The nation’s bonds rallied. Under terms of an accord announced on Monday, investors accepted nominal losses of 37% on their holdings, according to a statement issued by the advisers to an international creditor committee and the government. Bondholders will forego $4.7 billion of their claims, while providing cash flow relief of about $4.4 billion during an International Monetary Fund loan program, it said. Ghana’s 2027 bonds jumped to rank among the top performers in emerging markets after Monday’s announcement. The price of debt due in March 2027 climbed 0.3 cents to 52.69 cents on the dollar. A close at that level would be the highest since August 2022. Source: https://lnkd.in/dcbcsq5X #Ghana #Debt #Restructuring #EM #IMF #Credit #Bonds #Soverigns #Africa

View our latest document produced to help support anyone with post award management of UKRI funds. #ukri #grants #funding #research #researchsupport #postaward #compliance

With the launch of #CapAccess Fund in #Morocco, we think that subordinated debt could play an important role in the Moroccan growth story in the coming decades. It is a new step for the debt market that can help to address a market dislocation, complementing the offering from Moroccan banks that can be limited by focusing on collateral and cash flow, with limited scope for tenors beyond five years. Despite a challenging global macro environment (FX issues in Egypt and Nigeria, political instabilities in West Africa), Morocco is a state-of-the-art destination for FDIs and ready for a rebound post COVID. Economic growth is largely expected to remain resilient in the near term. We, at Majorelle Capital, hope that Private Debt is the next phase with an emerging cohort of specialist debt fund managers.