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Yinka Adegoke

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Articles

Washington’s Africa chief starts second trip to continent Original

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By Yinka Adegoke Verified
| Semafor Verified
US Assistant Secretary of State for African Affairs Frank Garcia is on his second official trip to the continent since taking the job in June. It is the latest bid to underscore the Trump administration’s commercial diplomacy push with African policymakers. Garcia will visit Zambia, Ethiopia, and Kenya from Aug. 30 to Sept. 10, just weeks after his inaugural tour of Nigeria, Côte d’Ivoire, and Mali. Garcia is expected to attend President Hakainde Hichilema’s Sept.
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Tecno, PalmPay seek Hong Kong listings Original

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By Yinka Adegoke Verified
| Semafor Verified
Two Chinese tech firms with major African businesses are turning to the Hong Kong Stock Exchange to raise hundreds of millions of dollars in fresh capital, in the latest test of whether global investors see the continent as a source of scalable growth. Shenzhen-based Transsion — whose Tecno, Infinix, and itel phones are top sellers across Africa — has cleared a regulatory hurdle for a Hong Kong listing.
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Africa gets new sovereign bond ETF Original

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By Yinka Adegoke Verified
| Semafor Verified
A new African sovereign bond exchange-traded fund has launched with up to $250 million in commitments. Its backers are betting it can help unlock a much bigger market for African sovereign debt and help reduce borrowing costs. Managed by Legal & General, the ETF tracks an African sovereign bond index created by S&P Dow Jones Indices and the Afreximbank-backed Liquidity and Sustainability Facility (LSF).
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