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African Mining Deal of the Year 2011: Boseto
Discovery Metals is in the process of graduating from the junior explorer tier of mining companies after closing the first greenfield project financing for a mining project in Botswana. Boseto, which closed its financing in six months, will be the first producing copper mine in Botswana when it come...
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African Oil & Gas Deal of the Year 2011: Rompco
Subordinated debt financings in African infrastructure usually come from development finance institutions and usually close at the same time as senior debt deals. Lenders such as the International Finance Corporation and FMO have made subordinated loans a standard part of their product offerings. Th...
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African Power Deal of the Year 2011: KivuWatt
ContourGlobal’s methane extraction and generation project on Lake Kivu, Rwanda, stretches the definition of essential infrastructure. It may, though the stress should be on may, prevent an ecological and human catastrophe that would claim thousands of lives around the lake. But the lake’s ...
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African Refinancing Deal of the Year 2011: NGLII
The refinancing for ExxonMobil and Nigerian National Petroleum Company’s (NNPC) natural gas liquids assets illustrates changes to the terms on offer in oil and gas debt markets. Not so much in the pricing and tenors on offer – global pressure on banks’ funding costs and perceptions of...
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African Renewables Deal of the Year 2011: Addax Bioenergy
Addax Bioenergy’s financing for a Eu267 million ($352 million) ethanol plant in Makeni, Sierra Leone has attracted considerable market and civil society attention for the way it manages the environmental and social risk. But its commercial and financial structure will also serve as a useful pre...
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African Telecoms Deal of the Year 2011: Etisalat Nigeria
Etisalat Nigeria’s $650 million financing shows that even comparatively new entrants in a fiercely competitive market can assemble a healthy bank following. Etisalat Nigeria was the largest project financing in Nigeria in 2011. Mubadala, the Abu Dhabi government- owned holding company won a 15-...
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