Africa's trade blocs Comesa, SADC, EAC mull issuing joint bonds.

By bne IntelliNews October 5, 2011
Africa's trade blocs Common Market for Eastern and Southern Africa (Comesa), Southern African Development Community (SADC) and East Africa Community (EAC) mull issuing joint municipal and infrastructure bonds in order to raise funds to improve the infrastructure in the region, The EastAfrican reports. The economic bodies estimate that around USD 93bn will be needed to finalise key infrastructure projects on the Northern, Central, Lamu and Djibouti corridors. The bonds are to be floated in 2012, according to Comesa's Secretary General Sindiso Ngwenya.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss