Elsewhere in the financial services sector, Verdant Capital has won the prestigious award Best Capital Raise in Africa, 2016 from Acquisition International for its ZAR 450 million capital raise for Trustco Group. The award is in recognition for the complexity of the transaction combining senior and subordinated tranches, as well as its size versus market benchmarks, as one of the largest transactions in the Namibian history. Separately, Verdant Capital has also been shortlisted for the African Banker award for Financial Inclusion, 2017
Verdant Capital advises JUMO World Limited on the sale of 100% of afb Ghana to Letshego Holdings Limited.
Letshego has announced the completion of the acquisition of afb Ghana following final regulatory approvals. afb Ghana was launched in 2010 and has total assets of GHS 97 million (approx. USD 23 million), making it now one of the largest consumer and micro lending institutions in Ghana. JUMO World advised by Verdant Capital, has sold the business in order to focus on its core financial technology business. Letshego Holdings Limited, is a leading pan-African inclusive finance institution, listed on the Botswana Stock Exchange, with total assets of BWP 7.5 billion (approx. USD 710 million). The transaction is one of a series of successful transactions... View Article
Verdant Capital, head-quartered in Johannesburg, is opening its fourth office, in Kinshasa, Democratic Republic of Congo. DR Congo is the seventh largest economy in Sub Sahara Africa and has a population of over 77 million. Imran Patel, has joined Verdant Capital as a Vice president, to open to the firm’s office in the country. Imran Patel, based in Kinsasha, has 15-years experience in investment management and business strategy. Following many years working for a leading North American hedge fund, Imran returned to DR Congo, the country in which he was raised. In addition to financial services, Imran has extensive experience in sectors... View Article