Absa Commits Funding to Support Global Infrastructure Partners (“GIP”)

Supporting Global Infrastructure Partners’ investment across Africa

Access to long-term capital is essential for investment in Africa’s energy and infrastructure sectors. As global institutional investors increase their participation across the continent, experienced financing partners play an important role in enabling strategic transactions and supporting long-term development. Global Infrastructure Partners (“GIP”), part of BlackRock, recently announced a USD1.8 billion joint venture with TotalEnergies relating to certain oil and gas infrastructure assets in Africa. Absa acted as Joint Lead Arranger to support the structuring and execution of the transaction. The transaction supports GIP’s expansion as a long-term investor in strategic energy and infrastructure assets and helps mobilise international institutional capital into critical sectors across Africa. It also marks an important milestone in deepening Absa’s relationship with GIP and BlackRock.

Enabling investment in Africa’s energy and infrastructure sectors

Energy and infrastructure assets support economic growth, trade and industrial development across the continent. Continued investment in these sectors is important for strengthening long-term economic resilience and enabling future growth across multiple African markets. The financing will enable GIP to:

• Expand its investment in strategic energy and infrastructure assets across Africa.
• Mobilise international institutional capital into critical energy and infrastructure assets.
• Strengthen its position as a long-term investor in African energy and infrastructure.
• Support continued energy and infrastructure development across the continent.

Hermano Juvane, Senior Coverage Banker, US Corridor, said: “This transaction reflects Absa’s client-led coverage model, combining global investor relationships with deep African sector expertise to support GIP’s strategic infrastructure investment across the continent.”

Absa’s role in the transaction

Absa’s participation demonstrates its ability to support complex energy and infrastructure financings through coordinated delivery and deep sector expertise. Teams across Resource & Project Finance, Coverage, Legal, Credit, Transaction Management and Operations worked together to deliver a sophisticated financing solution within a time-sensitive execution environment. The transaction also highlights Absa’s structuring and underwriting capabilities in supporting strategic energy and infrastructure investments across Africa, reinforcing the bank’s position as a financing partner to global investors operating on the continent.

Luke Browne, Head of Resource & Project Finance, International, said: “The successful conclusion of this acquisition funding showcases Resource and Project Finance’s structuring expertise, delivering an innovative joint venture financing for strategic African infrastructure assets.”

Supporting Africa’s energy and infrastructure opportunity

The transaction demonstrates the role African financial institutions can play in facilitating investment into strategically important energy and infrastructure assets. It also reflects growing confidence in Africa’s long-term investment opportunity and the importance of partnerships between global investors and local financial institutions. By combining sector expertise, financing capability and execution excellence, Absa continues to support clients and investors seeking opportunities across Africa’s energy and infrastructure sectors, while helping connect capital to long-term growth and development opportunities across the continent.

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