02/23/2021

Kenya plans debt fund to avoid biting cash crunch

Regulation 206 (1) of the Public Finance Management (PFM) Regulations 2015 allows Treasury secretary Ukur Yatani to create a “ Sinking Fund” for redemption of loans and government securities.

02/22/2021

African Union to Set up Infrastructure Fund

The 55-nation AU is now turning to sovereign wealth funds, insurance and retirement funds in countries like South Africa, Angola, Nigeria Morocco, Egypt and Kenya, to raise the cash.

02/16/2021

Fidelity Bank issues N41.21b Tier II Local Bonds

Last December, the bank had announced plans to issue fixed income securities with 10-year tenor to support the growth and development of Small Medium Enterprises (SMEs), retail business as well as its technology infrastructure.