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 CHAMPAGNE A legacy of Roman tribes, monks and kings! Champagne is a sparkling wine synonymous with celebration, elegance and luxury. The wine’s name comes from the Champagne region in north-eastern France, where the delectable bubbles were first produced in the 17th century. The history of Champagne is a tale of innovation, luxury and resilience influenced by the events that shaped France since the 1600s. Read more CHAMPAGNE Deutz – It’s a love story! Interview with DR Kgaoelo Ntshwana and Itumeleng Mamabolo of Makhoi, the Champagner Official Importer & Distributor – Champagne Deutz. Read more CHAMPAGNE Champagne Taittinger – Fun Facts Taittinger is the 3rd oldest Champagne House, but for nearly 2 centuries it was known as Forest-Fourneaux. In 1734 Jacques Fourneaux learned from the Benedictine monks under the guidance of Brother Oudart, who worked with Dom Perignon – both early developers of sparkling wine. Read more
