For years, African finance ministers have made the same case at investor conferences and multilateral summits: the continent is not short of bankable projects, it is short of affordable capital. This week, that case took a tangible step forward. Legal & General Asset Management, one of Britain’s largest institutional investors, launched the L&G LSF African…
The Liquidity and Sustainability Facility (LSF) is pleased to welcome the launch of the L&G LSF African Government Bond (USD) UCITS ETF, developed by Legal & General Asset Management (L&G), it is the first of its kind available in Europe. Building the Foundations: From Index to Investable Product Since its establishment, the LSF has worked…
SpaceX on Monday announced a senior unsecured notes offering and disclosed about $100.8 billion in cash. Shares of SpaceX fell 11% and headed for a third consecutive losing session. The space and artificial intelligence company plans to use the proceeds to pay off bridge financing and other general purpose needs. The filing didn’t disclose how…
Fans from five African World Cup qualifying nations with valid tickets are exempt from paying a hefty bond. But fans from several other countries still face major hurdles to seeing their teams play in the United States. The United States has announced exemptions from visa bond payment requirements for FIFA World Cup ticket holders whose teams have qualified for…
Key highlights Pioneering finance instrument aimed to strengthen resilience and early warnings worldwide seeks initial capitalization of USD 200 million by the end of 2026 If backed, the bond will enable five-fold increase in internationally shared weather and climate data Surface weather and climate data are the invisible ingredient of every forecast, early warning, and…
THE chorus is a familiar one, a relentless refrain in South Africa’s political and social discourse: “illegal Zimbabweans” are crossing the Limpopo in droves, “stealing” jobs from South Africans, social services like health and education and transforming the essence of the nation. This narrative, politically potent and emotionally charged, is repeated in taxi ranks, talk…
The US State Department said Monday some visa applicants will soon be required to pay bonds of up to $15,000 to discourage visa overstays as part of the Trump administration’s crackdown on migration. Starting later this month, the pilot program will require applicants from certain countries to pay a sum of “no less than $5,000”…
Eurobonds, debts owed in a foreign currency, have become a quick and attractive way for African countries to borrow money. They are behind a sharp rise in commercial borrowing as a percentage of total external debt: it has nearly doubled from 27% in 2011 to 52% in 2020. This has increased the debt vulnerability of…
