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 Harnessing Partnerships to Power Energy at Scale Absa Corporate and Investment Banking acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider on the ZAR 8.4 billion financing of SOLA Group’s 300 MW Naos solar PV project, incorporating 660 MWh of battery storage. Read more DEALS Backing the metals that will power the future Absa is proud to help lead one of South Africa’s landmark mining projects. As joint mandated lead arranger and bookrunner with Ivanplats on a USD700 million project finance facility, we’re powering the Platreef Project’s growth – unlocking critical minerals for a sustainable future. Read more DEALS Backing retail property assets with flexible financing built for growth We are proud to have concluded a landmark real estate financing transaction for Soma Properties Limited contributing toward the expansion of Sarit – Kenya’s most iconic retail and lifestyle mall, and the premium destination mall in East and Central Africa. Read more
