In recent years, African governments have turned to Eurobonds as a way of funding deficiencies in their development budgets. Some of the countries include Kenya, Ivory Coast, Uganda, Zambia, Namibia, Gabon and Angola among others.

In a statement published on February 24, the African Development Bank (AfDB) said it would soon issue a $1 billion bond with a 3-years maturity period.

M-Pesa users are set to receive cash transfers from anywhere in the world on their MasterCards following a deal signed between UK telco Vodafone and the global financial services company.

Private equity (PE) firms more than doubled cash raised for Africa-focused funds in 2015 compared to the previous year.