http://www.iflr.com/Article/3358235/Banking/How-Basel-III-impacts-ECA-backed-project-finance.html
The South African & African Capital Portal is a one-stop information page for all topics related to equity and debt capital funding, both for South Africa and across the African continent. Please click on the Labels in the right column to go to any topic that may interest you. Please contact me on ernest@taitacapital.com if you feel I may be able to assist you, or if you would like something to be added to this blog. Happy reading!
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Saturday, 5 July 2014
Nedbank Capital - Infrastructure, Energy & Telecommunications Project Finance
http://www.capital.nedbank.co.za/capital/infrastructure-energy-and-telecommunications
"Financing our future
Nedbank Capital has long been considered the market leader in the financing of large infrastructure, energy related and telecommunications projects.- We have been awarded numerous accolades in recognition of our innovations and accomplishments in the fields of Infrastructure, Energy and Telecommunications.
- In-depth knowledge, extensive experience, recognition of our clients‘ unique needs and a commitment to identifying new opportunities puts our team ahead of the pack.
Infrastructure:
Includes limited recourse financing, public-private partnerships (PPPs), and concluding deals in (amongst others) road, rail, water, industrial and social infrastructure projects.
Energy:
Our energy team has successfully concluded limited recourse finance deals within the electricity, oil & gas, and biofuels sectors, both internationally and within Africa. We provide financing to parastatals and corporates within this sector. With the future of the environment and South Africa‘s electricity supply at stake, we are committed to funding various renewable energy projects from landfill gas, to solar and wind turbine power. As one of the leading investors in infrastructure projects in South Africa‘s financial markets, we provided the financial backing for approximately 37% of the more than 1,200MW worth of energy capacity represented by all the bids submitted in the first phase of South Africa‘s Renewable Energy IPP programme. We look forward to working with government and other environmentally-minded businesses and financial institutions to ensure that renewable energy remains a key driver of our country‘s sustainable future.
Telecommunications:
Our focus spans from fixed-line operators and the mobile sector to infrastructure sharing and broadband capacity provisioning through undersea cable and satellites. We finance clients from start-up to maturity across the entire spectrum of capital required, providing innovative and flexible financing solutions."
Cresco Project Finance
"The Project Development Continuum, from concept through feasibility studies,
finance structuring, funding and construction to operation, is a complex,
intricate and multi-staged process where the promoter and other project
stakeholders require continuous specialist support.
CRESCO provides this specialist financial, commercial & project management support and utilises its specialist expertise and skilled resources to support the entire project development process. CRESCO provides a broad range of services to clients engaged in the acquisition, development and financing of projects across all industry sectors, within South Africa and Africa.
Established in 2005 on a philosophy of entrepreneurial thinking, CRESCO offers its clients advice on niche project finance solutions and provides transactional project development and implementation support outside of traditional balance sheet finance solutions.
CRESCO is an authorised agent for MIGA, the World Bank Group's political risk insurance agency. Click here for more information."
CRESCO provides this specialist financial, commercial & project management support and utilises its specialist expertise and skilled resources to support the entire project development process. CRESCO provides a broad range of services to clients engaged in the acquisition, development and financing of projects across all industry sectors, within South Africa and Africa.
Established in 2005 on a philosophy of entrepreneurial thinking, CRESCO offers its clients advice on niche project finance solutions and provides transactional project development and implementation support outside of traditional balance sheet finance solutions.
CRESCO is an authorised agent for MIGA, the World Bank Group's political risk insurance agency. Click here for more information."
Standard Bank Project Finance
http://corporateandinvestment.standardbank.co.za/cib/products/finance/Project-finance?s_kwcid=AL!119!3!37724982516!b!!g!!%2Bproject%20%2Bfinancing&ef_id=U7fXRAAAAOWePCQv:20140705114339:s
"Project finance
Although gearing has slowed globally because of the financial crisis, the demand for infrastructure remains high and cash flow prospects remain strong across a number of sectors in countries in Africa and emerging markets. Also, strong government support is evident for projects across power and infrastructure, as Africa increases capacity in the natural resources sector. Growth remains contingent on upgrades and development to facilities across power, roads, rail, ports and social infrastructure. The challenge for financial institutions is to provide competitive and sustainable finance solutions.
Standard Bank is the largest bank in Africa by assets and earnings. With broad transactional and commercial experience in Africa and selected emerging markets, we offer a full spectrum of project finance products and leading capabilities in Africa.
With ongoing pressure in financial markets, we have a proven ability to secure appropriate funds for our clients on the best possible terms. Our long-standing experience in emerging markets and deep understanding of our clients means that we can match them to suitable investors.
We focus on South Africa and developments in Africa, particularly where they relate to countries where we have a presence. We also link investors from selected emerging markets to opportunities in Africa.
Our team draws on the expertise of product teams and sector specialists across the full capability of Standard Bank where necessary, to ensure our solutions are fit-for-purpose and appropriate to client need.
Why talk to us?
- We have the widest and most established banking network in Africa, and use in-country skills and local knowledge to develop project working finance solutions for a broad client base.
- Our experts are knowledgeable in sectors most relevant to Africa and emerging markets, and have an in-depth understanding of local legal, fiscal and regulatory frameworks across Africa.
- We identify and secure funding from various sources, to provide clients with appropriate funding solutions.
- Standard Bank’s partnership with the Industrial and Commercial Bank of China (ICBC) gives us an unrivalled ability to facilitate trade and investment between Africa and Asia. It provides further support through ICBC’s international lending and arranging capabilities, as well as access to Chinese developers and lenders.
- We have established relationships with development finance institutions, and ensure that all developmental aspects of our projects are met.
- Standard Bank has long understood the value of pooled funds to
address gaps in local capital markets. We are involved in the following
funds:
- The $305 million Emerging Africa Infrastructure Fund
- The $175 million African Infrastructure Investment Fund
- The R800 million Southern African Infrastructure Fund, which has fully invested its capital, of which almost a third was provided by Standard Bank.
Standard Bank acts in any one or a combination of the capacities of financial advisor, arranger and underwriter of senior, mezzanine debt and equity for all large capital projects. Our project finance services include:
- Financial modelling and sensitivity analysis
- Risk evaluation and risk mitigation strategies
- Advice on the structure of project contracts
- Taking an active role in negotiations
- Financial structuring
- Arranging of multi-source funding, including development finance and export credit. Where required, we provide specialist and customised political risk structuring, and leverage relationships with key risk insurers, including Export Credit Agencies
- Underwriting and lending
- Power and infrastructure – in Africa, there is huge unmet demand in the sector, presenting significant opportunities and the need for an expert partner who can advice on and secure appropriate funding
- Mining and metals – with global demand increasing again, emerging markets in Africa stand to benefit from this sector, which also provides a source of funding for other sectors with higher multiplier effects
- Oil and gas – the sector is major contributor to GDP in several countries in Africa. A number of new discoveries are contributing to strong sector growth
- Telecommunications and media – a comparatively new sector in Africa, it is well supported by international investors. The sector is currently dominated by telephony but data services are slowly gaining prominence
Standard Bank Group is an Equator Principle Financial Institution (EPFI), having adopted and integrated all 10 of the Equator Principles which relate to Project Finance. Projects financed by EPFIs are required to be socially responsible and reflect sound environmental management practices. The Equator Principles are based on the International Finance Corporation (IFC) performance standards on social and environmental sustainability, and on the World Bank Group’s Environmental, Health and Safety general guidelines that are applied globally and across all industry sectors by banks providing project finance. The principles apply to all new project finance deals above US$10m. Standard Bank is a member of the Equator Principles Steering Committee."
East Africa the cheapest region to start a business - Savannah Fund
http://www.ventures-africa.com/2014/06/east-africa-the-cheapest-region-to-start-a-business-savannah-fund/?utm_source=Monday,+30th+June+2014&utm_campaign=PR,+Africa+Business,+Africa+Economy,+Africa+Entrepreneur,+Ventures+Africa&utm_medium=email
"VENTURES AFRICA – Startups can easily get their footing in East Africa as the cost of setting up a business in the region is the lowest in sub-Saharan Africa, a recent research by venture capital (VC) group, Savannah Fund has revealed...."
Sovereign Wealth Funds: A race worth joining to unlock Africa's hidden potential?
http://www.consultancyafrica.com/index.php?option=com_content&view=article&id=1688:sovereign-wealth-funds-a-race-worth-joining-to-unlock-africas-hidden-potential&catid=82:african-industry-a-business&Itemid=266
"Africa has experienced a rise in the establishment of sovereign wealth funds (SWFs) over the past decade..."
"Africa has experienced a rise in the establishment of sovereign wealth funds (SWFs) over the past decade..."
How Savannah Fund is connecting African startups to Silicon Valley
http://www.smesouthafrica.co.za/startups/connecting-african-startups-to-silicon-valley/
"Local tech startups just received another boost with American Venture Capital Savannah Fund‘s arrival on South African shores. The seed capital firm made its first move into South Africa by buying into two Cape Town-based startups...."
Tuesday, 1 July 2014
PineBridge Investments
"PineBridge Investments East Africa is a leading fund manager in the region with experience dating back to 1998.
Investment Strategies Offered to Local Clients
PineBridge Investments East Africa provides fund management and
investment advisory services to East African segregated pension funds
and other institutional investors. We directly invest client assets in
local equity and fixed income instruments. In addition, our clients have
access to a variety of offshore investment products. Our sizable
investment team adheres to a highly disciplined investment process that
is driven by detailed fundamental research.
Investment Strategies Offered to Foreign Investors
PineBridge Investments East Africa also sub-advises pan-African
investment strategies available to foreign investors. Our investment
process is grounded in capitalising on market inefficiencies that exist
due to limited sell-side coverage of Sub-Saharan African equity markets.
Our on the ground presence, coupled with a strong network and ready
access to the markets, provides us with a significant advantage when
investing in the region...."
Kingdom Holding Company
http://www.kingdom.com.sa/
"Kingdom Holding Company
The World’s Foremost Value Investor
Welcome to the online home of Kingdom Holding
Company – one of the world’s most successful diversified investment
holding companies. Based in Riyadh, Saudi Arabia, Kingdom Holding
Company (KHC) is a publicly listed company on the Tadawul (Saudi Stock
Exchange). KHC is comprised of a select team of experienced investment
specialists directed by HRH Prince Alwaleed Bin Talal, one of the
world’s leading investors.
KHC is internationally renowned for its interest in
both high performance global brands and strategic regional interests.
The company utilizes detailed selection criteria to identify optimum
opportunities to invest and realize value from undervalued or
underperforming assets nationally and internationally, appreciating
potential for the long term.
Investments
Kingdom Holding Company – The Home of Investment
The KHC investment strategy is to identify and support “best of the
best” enterprises around the world. We employ detailed selection
criteria to maximize long-term returns for shareholders and joint
venture partners, and employ an astute approach to realize investment
potential in addition to identifying potential assets that are typically
undervalued or underperforming, locally and globally through our sound
investment strategy.
Through this approach KHC has cemented its position as one of the world’s foremost value investors.
But the real strength of the overall KHC portfolio lies in sector
diversity. We have major interests in investment categories ranging from
luxury hotels and real estate to media and publishing, entertainment,
finance and investment services, social media and technology, consumer
and retail, petrochemicals, education, private equities, health care,
aviation, – even agriculture. KHC is among the world’s largest and most
diverse investors, with regional and international holdings in many key
industries. We are recognized as one of the largest foreign investors in
the United States. We are also active in Africa, an emerging market and
growing economic power offering nearly limitless potential.
KHC regularly extends its portfolio to include new opportunities.
Current holdings shown do not define the limits of the company’s
investment ambitions...."
Labels:
Africa,
Agribusiness,
Aviation,
Consumer,
Education,
Entertainment,
Financial Services,
Healthcare,
Hotels,
Media & Advertising,
Petrochemicals,
Private Equity,
Real Estate,
Retail,
Social Media,
Technology
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