Row rect Shape Decorative svg added to bottom DEALS We are pleased to have overseen the USD 50m Structured Finance Deal to boost Africa’s agricultural trade Absa | Corporate and Investment Banking > Insights and Events > We are pleased to have overseen the USD 50m Structured Finance Deal to boost Africa’s agricultural trade SHARE We are pleased to announce our role as the lead bank in a USD 50 million Structured Inventory Finance Facility for Valency International DMCC. This facility, secured in partnership with International Finance Corporation (IFC), positions Valency at the centre of sourcing, processing and exporting agricultural goods from East and West Africa to international markets. This deal highlights Absa’s prowess in organising dynamic multi-jurisdictional financial solutions while fulfilling our economic growth, regional trade and sustainability missions. The support offered to Valency’s operations will directly result in our contributing to the food security and economic growth of many communities across the African continent. The facility enforces a strict alignment with Absa and the IFC’s sustainability framework, which ensures a firm approach to managing environmental, social and governance (ESG) risks. This ensures adherence to high standards in the areas of environmental risk assessment, labour conditions, resource efficiency and conservation. Contact Tshimbi Ntuli for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS At the forefront of scaling energy progress Mulilo Beaufort West Solar PV project Read more DEALS Strengthening South Africa’s energy security Mulilo Mercury Battery Energy Storage System (Mercury BESS) project. Read more DEALS Driving scale and momentum in energy transformation Enabling South Africa’s energy future through our financing commitment for the 337 MWdcMiddlepunt Solar PV Project. Read more
