Driving purposeful partnerships to advance retail growth in Africa Absa | Corporate and Investment Banking > Insights and Events > Driving purposeful partnerships to advance retail growth in Africa SHARE At Absa CIB, we’re committed to building partnerships that create lasting value for both businesses and communities. Our collaboration with Garden City Mall in Nairobi, Kenya, highlights this commitment as we help drive sustainable growth and economic opportunity in one of East Africa’s largest retail developments through a USD 37,3 million commercial property financing transaction. As a primary lender, our role extends beyond financing by providing bespoke deal structuring solutions enabling Garden City Mall to meet their business goals. We utilise our strengths as a pan-African bank to unlock long term capital certainty and interest rate risk management over the funding lifetime of the commercial property. By providing a sustainable framework that strengthens Garden City Mall’s goals, we’re helping to secure the economic viability of one of East Africa’s largest first integrated residential, retail and office (mixed-use) developments. This partnership is just one example of how we're empowering Africa’s tomorrow, together… one story at a time. Contact us for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Empowering Agricultural Trade in Africa This USD 45 million facility supporting Royal Nuts’ subsidiary, Dorado in Côte d’Ivoire, the world’s largest single-roof cashew processing facility, driving economic growth, community upliftment, and global market expansion, will boost its working capital and optimise supply chain efficiency in West Africa. Read more DEALS Accelerating transformative Infrastructure development for long-term impact Our $75 million deal with the Emerging Africa & Asia Infrastructure Fund (EAAIF) is set to accelerate infrastructure development for lasting impact - bridging Africa’s long-term debt gap, and supporting projects that promote infrastructure development, economic growth and renewable energy expansion. Read more DEALS Powering a sustainable future with Ferroglobe At Absa CIB, we believe that financing critical mineral supply is essential for advancing the Just Energy Transition. Our partnership with Ferroglobe supports the expansion of silicon metal production, which is key to semiconductor chips and solar panels, driving economic growth, job creation and Africa’s role in the renewable energy value chain. Read more
