Corporate bond boosts Sierra Leone capital market
Sierra Leone’s nascent capital market saw the successful issue of a first corporate bond. Local microfinance institution LAPO (Lift Above Poverty Organisation) SL raised SLE 32 million ($1.4m) to expand its loan portfolio. LAPO SL serves micro, small, and medium enterprises (MSMEs) in Sierra Leone, with 33,000 customers across 37 branches, of which 99% are […]
Jacana merges with InReturn Capital, launches $75m private equity fund for SMEs
Entrepreneurs running small and medium-enterprises (SMEs) in West and East Africa stand to benefit from a new $75m private equity fund. The announcement follows the news on 29 Jan that two long-term private equity partners – Jacana and InReturn Capital – are merging.
World Bank says 4.8% growth for sub-Saharan Africa in 2012, cuts earlier forecast
The World Bank has cut its growth forecast for sub-Saharan Africa. Earlier in the year it forecast 5.2% growth overall for SSA economies in 2012, but yesterday (4 Oct) it cut this to 4.8%.
Nigerian Stock Exchange seeks $33 mln for new software and Sierra Leone bourse
The Nigerian Stock Exchange is seeking some US$33 million in capital for its fifth software upgrade and also to help finance the Sierra Leone stock exchange.