Facing an economic crisis and consequently fewer US dollars and other hard currencies, Egypt floated a three-year sustainability panda bond worth 3.5 billion yuan (US$478 million) in October. Panda bonds – typically denominated in yuan and issued in China by non-Chinese organisations, including governments and corporations – have gained traction as traders and countries seek
Transet, the operator of South Africa’s beleaguered ports and rail network got a strong vote of confidence from the African Development Bank Group as it looks to move forward with a five-year modernization and growth of its operations. Last week, the bank which was established 60 years ago by the African nations to support
Johannesburg: South Africans vote in a national election on May 29 and, for the first time since the end of apartheid 30 years ago, polls suggest the ruling African National Congress party (ANC) is at risk of losing its parliamentary majority. Investors are paying close attention. Why is a majority important? If the ANC gets