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Verdant Capital joins IMAP

Verdant Capital has joined IMAP, the leading global M&A partnership, becoming the second partner firm in Africa. The IMAP partnership was established in the early 1970s and has over 500 M&A professionals spanning five continents. IMAP was ranked 8th in the global mid-market M&A league table in 2017 (source: Thomson Reuters). The partnership offers clients buy and sell-side M&A advisory on a global basis as well as related debt advisory and corporate finance services. www.imap.com. Becoming a partner of IMAP provides Verdant Capital’s M&A business with a global reach which is perhaps unparalleled in the middle-market in Africa. Going forward, all... View Article

Nigeria launches e-ID Card Programme to Boost Financial Inclusion

In August 2014, the Nigerian Government launched a pilot programme to issue Nigerian National Electronic Identity (“e-ID”) cards to 70 million Nigerians who are 16 years old and above by the end of 2019. The e-ID card combines payment capability and breaks down most significant barriers to financial inclusion including proof of identity, while simultaneously enabling Nigerian to access state-of-the-art financial services. It will also allow users (including the unbanked population) to make payments for goods and services in any part of the world, deposit funds and withdraw cash at ATMs. The National Identity Management Commission (“NIMC”) is working in... View Article

The Democratic Republic of Congo, Africa’s hidden gem

  The Democratic Republic of Congo (“DRC”) is a country with significant resources and the country has the true potential to be one of the richest countries on the African continent and a significant driver of Africa’s growth. Despite its vast expanse, the country remains virtually unconnected due to the lack of basic infrastructure, agricultural production and notable industrial base. The lack of depth in the domestic financial sector is perhaps the most important headwind to sustainable growth. The DRC is one of the larger economies in Africa that lacks a domestic stock exchange. More strikingly, aggregate domestic bank assets... View Article

Verdant Capital Completes Debt Financing of approx. ZAR 95 million (USD 7.5 Million) in Local Currency for Retail Capital

  Verdant Capital has raised approx. ZAR 95 million (USD 7.5 million) equivalent in local currency debt financing for Retail Capital from the leading international specialist investors for the expansion of its loan book. This is the first of Retail Capital’s fund-raising programme with international investors. The company has been receiving funding support from specialist local investors, however the transaction arranged by Verdant Capital diversifies Retail Capital’s funding base and represents a foothold in the international specialist funding market. Retail Capital was founded in 2011 and is headquartered in Cape Town with other offices in Johannesburg and Durban. It is... View Article

Special Report: “Aadhaar: Lessons for the African Continent?”

In 2009, India launched the world’s largest IT project, i.e. the Aadhaar biometric identification program. The program is intended to drive social and financial inclusion, reform public-sector service delivery, improve fiscal management, increase convenience, etc. An Aadhaar number can be viewed as a permanent financial address. Considering that almost the entire Indian population is now enrolled in Aadhaar – the underprivileged as well as the rich – it also can be viewed as a tool for justice and equality. The program consists of the following: A demographic database with a 12-digit number for each person, secured by fingerprint and retina... View Article