AWARDS | 24 JUNE 2021 Africa Deal of the Year Award Absa | Corporate and Investment Banking > Insights and Events > Africa Deal of the Year Award SHARE Absa CIB are the winners of the Airfinance Journal Awards 2020, Africa Deal of the Year. That’s Africanacity We’re proud to be announced as the winners of Airfinance Journal Awards 2020, Africa Deal of the Year. This incredible achievement recognises our innovative deal with Angola’s national carrier, TAAG Linhas Aéreas de Angola, closed in testing times for the airline industry in collaboration with African Export-Import Bank. Absa’s role as joint Mandated Lead Arranger, Security Trustee and Facility Agent, in a USD 145m transaction that assisted TAAG in transitioning to six new fuel efficient De Havilland Dash 8-400 aircraft. “This transaction was a uniquely African deal, with an African airline assets financed by an all- African banking consortium.” Airfinance Journal. Living up to being a global industry, the deal team reached from Luanda, Johannesburg, Cairo, Lisbon, Dublin, London, Cayman Islands, Montreal and Hong Kong. Flying the spirit of Africanacity. Contact Morne Visagie, Head of Structured Asset Finance to find out more. Rui Carreira, CEO of TAAG, Angloa, Morne Visagie head of structured asset finance at ABSA, South Africa and Sameer Adam RVP of Sales at De Havilland in Canada discuss the COVID hurdles and obstacles which were overcome and the trailblazing deal which saw TAAG taking delivery of their first Dash8. Watch Hon. Ricardo Daniel Sandao Quieros Viegas D'Abreu, Minister of Transport, The Republic of Angola discuss the role of aviation in the development of trade in Angola, the impact of Covid on the industry and the country's aim for infrastructure growth and development. https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Reports AFMI 2023 AFMI highlights Africa is already unlocking its potential The release of the seventh iteration of the Absa Africa Financial Markets Index (AFMI) demonstrates that the continent is rapidly maturing and is no longer simply taking the first steps on a developmental journey. Instead, we can see clear signs that the true potential of the continent is being unlocked. Read more EVENTS Innovation and credibility are key to Africa’s success Are African financial markets in a better place than a year ago? As the leading banking group on the continent, this is a key question we consistently interrogate across our operations. Read more AFMI REPORTS Absa Africa Financial Markets Index 2022 Absa Africa Financial Markets Index has shone a crucial light on the opportunities for investment in the region. Read more
