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 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 purposeful partnerships to advance retail growth in Africa 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. 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
