Bita Water Project, Angola | Advising the Ministry of Finance of the Republic of Angola in relation to the c. $1billion financing for the development of the Bita water production, transmission and distribution facilities and system in South Luanda. The project is being implemented by EPAL on behalf of the Ministry of Energy and Water of the Republic of Angola. |
Five wind farms, South Africa | Advising Enel Green Power South Africa B.V. and certain other South African subsidiaries on Round 4 public tender, acquisition, construction and financing of five wind farms having an aggregate capacity of 700MW in a project worth approximately €1 billion. |
Botswana solar procurement programme | Advising the Government of Botswana on its solar PV procurement programme for both 50MW projects and grid-tied projects, including on drafting of procurement documentation, risk allocation and on PPA negotiations. |
Greenfield Platreef platinum mine | Advising Société Générale, Export Development Canada, Nedbank KfW and SEK as lenders on the US$1bn financing of Ivanhoe’s greenfield Platreef platinum mine in South Africa. The project company is jointly owned by an Ivanhoe subsidiary and a Japanese consortium, led by Itochu. On completion, the project is expected to be the world’s largest producer of platinum-group metals, with an anticipated production of more than 1.2 million ounces of platinum-group metals per year. |
Salima and Golomoti power projects, Malawi | Advising JCM Matswani Solar Corp Limited regarding the Salima 60MW project and the 20MW Golomoti project, the first independent power projects to be negotiated with the Government of Malawi and ESCOM (the state utility of Malawi). |
Development of multiple hospitals, Angola | Advising the Ministry of Finance of Angola in connection with the development and financing of 8 hospitals. The construction of these hospitals represent a significant advancement in Angola’s plans to improve health services throughout the country.
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Renewable power trading, Zambia | Advising Africa GreenCo on all aspects of its establishment as an intermediary offtaker for renewable independent power projects in Zambia, pending expansion to other jurisdictions in Southern Africa. |
Lumwana Copper Project, Zambia | Advising the project company, Lumwana Copper Mining Limited,on the development and US$583 million project financing of the development, design, construction and operation of the Lumwana Copper Mine in north-west province of Zambia. This financing involves separate tranches of funding from commercial banks, export credit agencies and developmental financial institutions. |
Solar PV plant, Namibia | Advising The Standard Bank of South Africa, Standard Bank Namibia and Société de Promotion et de Participation pour la Coopération Economique SA with structuring the 37MW Mariental solar photovoltaic power plant, including debt and equity financing to develop, build and operate the project. |
Inland “Dry Port” Platform, Malawi | Advising lenders with respect to the financing of the development of a logistics platform to be constructed near Liwonde on the shores of Lake Malombe as part of the development of the Nacala Rail Corridor. |
Enel JV with QIA to develop renewables in sub-Saharan Africa | Advising Enel's renewables arm Enel Green Power on a joint venture partnership with the sovereign wealth fund of the State of Qatar, Qatar Investment Authority to finance, build and operate renewables projects in sub-Saharan Africa. |
600MW coal-fired power project, Mozambique | Advising Eurasian Resources Group in relation to the financing, fuel supply, offtake, construction, operation and maintenance arrangements for a 600MW coal-fired power station to be built in Mozambique. This plant will serve domestic needs as well as regional demand (Botswana, DRC, Zambia and Zimbabwe). |
First UN-backed green bond issuance, Africa | Advising the Development Bank of Southern Africa (DBSA) on its issuance of ZAR3 billion fixed rate green bonds due 2024, representing the first transaction under the United Nations Economic Commission for Africa (UNECA) Goal Seven (SDG7) Programme to fund green energy in Africa. |
Sonangol sale of shares in Puma Energy, Angola | Advising Sonangol on the sale of its shares in Puma Energy to Trafigura and its acquisition of Puma Energy’s strategic assets in Angola. |
Revego Africa Energy Fund acquires X-Elio Energy solar PV projects | Advising newly created fund Revego Africa Energy Fund Partnership (Revego) in a matter involving the acquisition of shares in two solar photovoltaic project companies from X-Elio Energy S.L in Spain. We conducted due diligence on both project companies prior to the acquisition and advised on drafting, negotiating and settling the equity purchase agreement, in which Revego holds 60 percent of each of the project companies. |
Sustainability-driven carbon credit financing in Africa | Advising two lenders, Dutch development bank FMO and Dutch impact-investing investment fund BIX Capital, in their financing of carbon credit generation projects being run by C-Quest Capital LLC (CQC) across Sub-Saharan Africa. |
Vedanta Resources Holdings Ltd, Zambia | Represented Vedanta in urgently applying for and obtaining an interim injunction against Zambian government minority shareholder, Zambia Consolidated Copper Mines (ZCCM) in respect of the Konkola Copper Mine (KCM) in Zambia, directing ZCCM to withdraw a winding up petition before the Zambian courts in order for the underlying dispute first to be determined by international arbitration.
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Multiple roads projects, Angola | Advising the Republic of Angola in relation to the financing of a suite of road development and rehabilitation projects with an aggregate transaction value of approx. USD 1.2 billion. |
Boseto Copper project, Botswana | Advising the joint lead arrangers in relation to a US$205m term loan and cost overrun and working capital facility to Discovery Copper (Botswana) (Proprietary) Limited for the development of the copper project in the Ngamiland District of Botswana. The deal was awarded African Mining Deal of the Year.
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Barrick and Randgold merger | Advising Randgold Resources Ltd on its US$18.3bn share for share merger with Barrick Gold Corporation. The transaction created the world’s largest gold miner with a combined 78 million ounces of proven and probable gold reserves. The new company has the greatest concentration of tier one gold assets in the industry, the lowest total cash cost position amongst senior gold peers, and a diversified asset portfolio for growth in many of the world’s most prolific gold-supplying districts. |
First Tier 2 sustainability bond to be issued in sub-Saharan Africa | Advising Ecobank Transnational Incorporated on the first Tier 2 sustainability bond to be issued by a financial institution in sub-Saharan Africa and the first to have a Basel III-compliant 10-year no-call 5 structure outside of South Africa. Ecobank issued a US$350m 8.75% fixed rate reset tier II sustainability international bond, listed on the Sustainable Bond Market of the London Stock Exchange.
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Baia Mall, Mozambique | Advising Nedbank Limited in relation to the restructuring its financings to Autódromo - Gestão Imobiliária, S.A. (AGI) and Marginal JV (Mauritius) Limited (Marginal) in connection with Baia Mall, Mozambique’s first institutional quality shopping centre.
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Twin Hills gold project, Namibia | Advising Osino Resources in relation to the financing aspects of the development of the Twin Hills Gold Project located in Namibia. Osino discovered Twin Hills in 2019 and, having the potential to become Namibia’s third and largest goldmine, fast-tracked it to the pre-construction stage within four years. The Project is planned as a multi-pit operation with seven pushbacks in the main pit, and three separate satellite pits.
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Cabinda Refinery, Angola | Advising Sonangol on the procurement and minority equity investment in a 60,000bpd refinery to be located at Cabinda, Angola, producing refine products for the domestic market. This project involved setting up a joint venture between Sonangol and Gemcorp in order to raise financing to build the refinery. |
Light Rail project, Angola | Advising the Ministry of Finance on the financing of the first phase of a Light Rail project from Kilamba to Zamba 2 in Luanda, Angola with an estimated contract amount of €1.3bn.
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Karowe Diamond Project, Botswana | Advising Lucara Diamonds in connection with a $220m funding package from AFC, Afreximbank and commercial lenders to fund underground expansion at its Karowe diamond project in Botswana.
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Pele Green Energy, South Africa | Advising Pele Green Energy on a market leading transaction to secure funding from Nedbank and development finance institutions, Norfund and the Industrial Development Corporation of South Africa (IDC). Approximately 80% of the funding will be used to finance the development of new renewable energy projects with the rest used to refinance existing debt and to pay transaction costs.
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