Updates

Fitch Says Sukuk Market Share to Grow Following Resilient 2016

17/1/2017/Fitch Ratings Sukuk issuance in core markets rose by 26% in 2016 and broadly maintained its share of capital markets funding despite large conventional bond issues by Saudi Arabia, Abu Dhabi and Qatar, Fitch Ratings says. We expect sukuk issuance to grow at a similar rate in 2017 and believe […]

PZ Names Abiola Laseinde New Company Secretary

January 25, 2017/NSE We write to notify the investing public of the appointment of Mrs. AbioJa Laseinde as the Company Secretary/  Head of Corporate Services  for Africa of PZ Cassons  Nigeria Plc with effect from 3rd January 2017. Abiola Laseinde joined PZ Cussons on 5″ September 2016 as Regional Head […]

Africa Finance Corporation issues US$150 million maiden Sukuk

24/1/2017/AFC Africa Finance Corporation (AFC) (www.AfricaFC.org), a leading pan-African multilateral development finance institution and project developer, has issued its maiden Sukuk, the highest-rated Sukuk issuance from an African institution. Following high levels of investor interest, the initial target of US$100 million was more than twice oversubscribed, resulting in the transaction […]