IFC, a member of the World Bank Group, and Standard Chartered today launched a bond-issuance programme that will increase the availability of local-currency financing for private sector development in Africa.

Nigeria has sold a total of 147.05 billion naira in treasury bills ranging from three months to one year with high demand from investors pushing yields lower.

Pan-African lender United Bank for Africa has shelved its plans for a $500 million Eurobond as it focuses on strengthening its existing businesses, its chief executive said on Friday.

Hedge funds significantly outperformed traditional asset classes such as equities, bonds and commodities over the last 17 years, according to a new study by The Centre for Hedge Fund Research at Imperial College in London. The research, commissioned by KPMG, an international network of audit, tax and advisory firm, and the Alternative Investment Management Association (AIMA), a global hedge fund association, is the most comprehensive of its kind to date.