DEALS | 07 DECEMBER 2021 Setting the scene for Africa’s digital growth Absa | Corporate and Investment Banking > Insights and Events > Setting the scene for Africa’s digital growth SHARE Realising Africa’s digital ambitions will be achieved through collaboration and innovative funding solutions. We are proud to have acted as the mandated lead arranger, facility agent and original lender to fund the acquisition of MultiChoice’s increased stake, from 20% to 49%, in Pan-African digital and sports entertainment platform, KingMakers. We enabled this with a R4bn syndicated term loan facility, following a highly competitive bidding process. This transaction creates a natural extension for MultiChoice to enhance its offering with a more comprehensive product offering. It also cements MultiChoice’s ambition to strengthen its leadership position in the industry across the African continent. We continue to pride ourselves in being a Pan-African bank that makes significant transactions like this possible, and contributing to the continent’s digital evolution. The bravery to imagine and the will to get things done. That’s Africanacity. Please contact our Head of SA Debt Chetan Jeeva to find out more https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles EVENTS TradeTech Europe 2024 If you're looking for a digitally-led African banking partner with the swift trading capabilities and innovative solutions required to unlock opportunities across the continent and the globe, look no further. Read more EVENTS GTR Africa 2024 This event will connect industry experts across markets focusing on topics ranging from innovation, trade and commodity flows, infrastructure and the ever-changing global environment. Read more EVENT Sustainable finance for mining across Africa Africa is ready to embrace a bold new future in mining. That’s why we believe in the power of positive disruption to unearth our client’s sustainable growth ambitions through innovative funding solutions and expert capabilities. Read more