Growing RMB’s footprint in Africa

The need for infrastructure development, agriculture and consumer goods in Africa is vast. RMB has funded numerous infrastructure development and resource finance projects and property developments, as well as advised on a number of mergers and acquisitions in more than 35 African countries over the past decade. These deals have been structured across varied sectors, including:


Energy


Being part of the FirstRand Group, we are continually exploring ways to address environmental concerns and how we can play our role in delivering reliable, affordable, safe and acceptable energy to counter climate change. We believe that by using the abundance of natural resources (sun and wind energy) on the continent, Africa can become a manufacturing hub of renewable technology components.

Client
Nature of the deal
Size of the deal
AES Nigeria
Nigeria
RMB provided financing for its power barge station. AES Nigeria Barge
Operations Limited (a subsidiary of AES Corporation) is a global power
company with headquarters in the USA
US$125-million
Cenpower Ghana RMB provided financing for Greenfields 360MW IPP electricity plant in Ghana US$950-million

Financial services


The financial services industry has a critical role to play in unlocking Africa’s full potential. Without sustainable funding, infrastructure, healthcare and energy, projects are mere ideas. Financial services institutions will need to play a larger role in financing projects of this nature if development is to keep pace with demand.

Client
Nature of the deal
Size of the deal
AFC
Nigeria
RMB structured a bi-lateral loan for Africa Finance Corporation (AFC)
in Nigeria
US$50-million
African Bank
Africa
RMB arranged a R1.75-billion multi-instrument bond issuance for
African Bank—placing three types of bonds in a single auction
ZAR1.75-billion
AFC Nigeria RMB arranged a club loan for the Africa Finance Corporation (AFC) in Nigeria US$300-million
AFC Nigeria RMB was a mandated lead arranger on a loan syndication for the Africa Finance Corporation (AFC) in Nigeria US$250-million
Zenith Bank RMB arranged a syndicated term loan for Zenith bank in Nigeria US$300-million
AFDB RMB acted as a joint issuing house and book runner on AFDB’s seven year medium term note US$80-million

ICT


The ICT sector is one of the most promising sectors for future growth and development across Africa. Over the past five years, fiber-optic cables and a backbone network to support them have connected the continent in unprecedented ways, slashing the cost of Internet access and opening up new markets for content, software, mobile apps and social media.

Client
Nature of the deal
Size of the deal
Airtel
pan-African
RMB was a participant in the Zain Africa acquisition US$8-billion
MTN RMB was the mandated lead arranger for a syndicated medium term facility for MTN in Nigeria US$300-million
IHS RMB was a joint initial Mandated Lead Arranger and book-runner for a capex facility for IHS in Nigeria US$800-million

Infrastructure


The need for infrastructure development in Africa is critical, as it emerges as a major constraint on doing business on the continent. African cities are seeing a rate of urbanisation that far exceeds the rate at which they can provide the required infrastructure. We view these challenges as sustainable investment opportunities.

Client
Nature of the deal
Size of the deal
Ikeja City Mall
Nigeria
RMB Westport developed and let the Ikeja City Mall (the largest
retail complex in West Africa) in Lagos
US$95-million
Dangote Industries RMB was part of a loan syndication for Dangote industries in Nigeria US$3.3-billion
SAB Miller RMB structured a term loan facility for SAB Miller in Nigeria US$160-million
BUA Group RMB acted as co-lender to the sugar refinery project in Port Harcourt, Nigeria US$100-million
ASM RMB structured a term loan facility for African Steel Mills in Nigeria US$30-million

Mining


Africa is home to some of the world’s rarest resources—with huge tracts still largely under-explored. The high cost of mining in developed countries has forced major global companies to seek investment opportunities in Africa, which offers relatively low costs of production. These investments are critical for boosting mineral production, value-added processing and provide an impetus for scaling up infrastructure development.

Client
Nature of the deal
Size of the deal
Petra Diamonds
sub-Saharan
Africa
RMB structured and funded a ZAR300-million debt facility for
Petra Diamonds—a leading independent diamond mining group
ZAR300-million

Oil and gas


Africa has the fastest growth rate in natural gas production globally, which is why the oil and gas sector in Africa represents a prime mover for employment, infrastructure development and the improvement of the broader social well-being of society.

Client
Nature of the deal
Size of the deal
Exxon Mobil
Nigeria
RMB provided funding for the multinational oil and gas corporation—
Exxon Mobil’s reserve development programme
US$50-million
Exxon Mobil
Nigeria
RMB was a lender to ExxonMobil in Nigeria for its natural gas liquids
II project
US$10-million
Exxon Mobil
Nigeria
RMB provided funding for the multinational oil and gas corporation—
Exxon Mobil’s reserve development programme
US$50-million

Transportation


Africa still lacks adequate transport infrastructure—roads, rails, ports and aviation. An aged railway system, insufficient roads and underdeveloped airports and ports create massive trade barriers. To capitalise on opportunities to increase intra-African trade and foreign direct investment, Africa needs to develop its logistical supply chain issues.

Client
Nature of the deal
Size of the deal
Rail assets and
concessions Africa
RMB provided over ZAR5-billion worth of funding for rail assets and
concessions across Africa
ZAR5-billion+
Transnet
Africa
RMB arranged rail and rolling stock financing for Transnet ZAR5-billion