Verdant Capital advises OADC on landmark JV Agreement with Texaf

A landmark joint venture agreement (“JVA”) between Africa’s leading data centre operator, Open Access Data Centres (“OADC”), a WIOCC Group company, and TEXAF, one of the DRC’s oldest business groups, was signed this past July. The JVA crystallizes the two parties’ intention to usher in the next evolution of the DRC’s digital ecosystem by launching the country’s first open-access, carrier-neutral data centre. The joint venture will be operated through their co-owned subsidiary, Open Access Data Entres-TEXAF Digital (DRC). The JV brings together OADC’s pan-African data centre operating expertise, coupled with the WIOCC Group’s continent-wide hyperscale connectivity infrastructure and capabilities, with […]

Verdant Capital advises Unguka Bank shareholders on the sale of their controlling stake to LOLC Holdings Plc

Unguka Investment Group, Incofin and Progression Eastern Africa Microfinance Equity Fund (together, the “Shareholders”) have sold a controlling stake in Unguka Bank Plc (“Unguka Bank”), a leading microfinance bank in Rwanda, to LOLC Mauritius Holdings Limited, a subsidiary of LOLC Holdings Plc (“LOLC”). Verdant Capital is pleased to have acted as the financial advisor to the Shareholders for this transaction. Unguka Bank was founded in 2005 and operates as a microfinance bank with 14 branches across Rwanda. The bank offers a broad range of products and services which include loans, savings, and other offerings such as money transfer services. Key […]