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Verdant Capital awarded Africa M&A Deal of the Year by Acquisition International

Verdant Capital has been awarded the prestigious Africa M&A deal of the year (2016) by Acquisition International, for its USD 51 million sale of Greenbelt Fertilisers to Yara International. The transaction, which is one of the largest transactions in the fertiliser sector in Africa in recent times, completed in May 2016 following COMESA competition authority approval. The transaction is part of a broader global trend whereby the largest upstream producers are buying up regional fertiliser blending and marketing businesses. Over the last five years there have been 30 such transactions globally (about a quarter of which in Africa) for a... View Article

Verdant Capital arranges USD 3 million credit facility for Pan African Building Society

Verdant Capital has arranged for leading Zambian non-bank financial institution, Pan African Building Society (PABS) a revolving credit facility to support its invoice discounting and supply chain financing activities. The initial facility amount is USD 3 million, with the opportunity to upsize, and the financing is supported by technical assistance. The intention is that the financing structure will provide a platform which other funders may ultimately join. PABS is a leading Zambian deposit-taking financial institution regulated by the Bank of Zambia under the Banking and Financial Services Act and the Building Society Act. The institution has a total balance sheet... View Article

Verdant Capital has moved Johannesburg office

Verdant Capital’s Johannesburg office has moved. Our new address is: Ground Floor, Northview Building 57 Sixth Road Hyde Park 2196 Our new switchboard number is +27 10 140 3700.

Adoption of financial technologies rapidly benefitting financial inclusion in Sub-Saharan Africa

The adoption of mobile money and financial technologies has enhanced a rapid transition towards financial inclusion in Sub-Saharan Africa over the past few years. This has brought Sub-Saharan Africa’s population much more than just access to financial services. This has generated new and innovative services that are influential in achieving some of the key targets UN has laid under the “Sustainable Development Goals Initiative” In 2015, the UN adopted the 2030 Development Agenda titled “Transforming our World” with goals including no poverty, quality education, gender equality, affordable clean energy, decent work, and economic growth, reduced inequality. Irrational Innovations, a venture... View Article

Verdant Capital arranges a revolving credit facility for Pan African Building Society

Verdant Capital has arranged for leading Zambian non-bank financial institution, Pan African Building Society (PABS) a revolving credit facility to support its invoice discounting and supply chain financing activities. The initial facility amount is USD 3 million, with the opportunity to upsize, and the financing is supported by technical assistance. The intention is that the financing structure will provide a platform which other funders may ultimately join. PABS is a leading Zambian deposit-taking financial institution regulated by the Bank of Zambia under the Banking and Financial Services Act and the Building Society Act. The institution has a total balance sheet... View Article

Trustco Finance selected as semi-finalists for European Microfinance Award

Trustco Finance, a subsidiary company of Trustco Group Holdings Ltd submitted its application for the 7th European Microfinance Award 2016 on “Microfinance and Access to Education” in mid-2016. Trustco Finance was selected as one of the ten award semi-finalists. The 2016 award attracted a total of 30 applications from 19 countries. With the award being focused on “Microfinance and Access to Education”, it is intended to recognize the role of microfinance in enabling access to education for children and/or skill-training for youth and adults to enhance their employment and self-employment. Trustco Finance provides 100% of financing on all Institute for... View Article