Rwanda plans to return to Eurobond markets in 2015 and raise up to $1 billion for infrastructure, including an airport and power plants.
The International Finance Corporation plans to issue a $50 million (NGN 8 billion) local-currency “Naija” bond in Nigeria to support the domestic capital markets and increase access to local-currency finance. IFC bonds are rated triple-A by Moody’s Investors Service and Standard & Poor’s.
Botswana’s rise as world diamond centre – Stanchart “money laundering” woes slow P1.8bn OPIC financing
De Beers’ Diamond Trading Corporation has moved from London to Botswana and some 32m carats of diamonds (worth US$6 billion – about 40% of world diamond sales) will be aggregated and sold in Botswana. OPIC financing of P1.8bn is being held up by relations with Stanchart.
Standard Chartered has appointed pilot Diana Layfield as Regional Chief Executive Officer, Africa, from 22 June. The bank has operated in Africa for over 147 years and has over 6,000 staff in 14 countries.