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 Powering progress for a cleaner energy future We are proud to partner with Mulilo and Air Products South Africa on a transformative 75MWAC solar PV power plant in the Northern Cape. The Ukuqala Project marks a significant step in advancing South Africa’s renewable energy transition and securing a low-carbon future. Read more DEALS Driving a greener energy value chain We are pleased to share that Absa has successfully acted as Co-Mandated Lead Arranger, Facility Agent and Hedge Provider alongside Nedbank for Pele Green Energy’s Sonvanger 100MW solar PV power project. This R2.2 billion project is a landmark transaction for Pele Green Energy, positioning them as a leading developer in South Africa’s renewable energy sector. Read more DEALS Every day we establish paths toward a greener Africa Another chapter of plugging Africa’s grid to sustainable energy and enabling our client to set new standards for the provision of clean electricity. Beyond environmental benefits, the projects will enable Puma Energy to create employment for local communities. Read more
