By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Ghana said it is planning to issue a $1 billion 10-year Eurobond in 2015 to settle debt that matures in 2017, a Reuters report quoted Seth Terkper, finance minister of the country. According to the report, this is coming on the heels of a financial […]

March 05, 2015/Bloomberg Nigeria’s electricity industry is being hindered by producers’ inability to raise finance and natural-gas shortages, curbing companies’ ability to boost investment in output as the country suffers from daily blackouts, an energy regulator said. Peak electricity output of Africa’s biggest economy is about 3,800 megawatts, with another […]

Wed Mar 4, 2015/Reuters Oil producer Afren Plc has defaulted on its 2016 bonds, missing an interest payment as it negotiates with lenders for a rescue deal that could dilute the interests of its shareholders. Afren’s stock halved in value early on Wednesday after the company said it would preserve […]