Africa

Africa

Africa has emerged as a new global economic power with robust growth potential in key markets. The continent is attracting foreign investment and its growing population and consumer base is offering new opportunities in sectors such as retail, telecommunications and financial services. Energy & infrastructure demands are high on governments' agendas and as demand for raw materials worldwide regains momentum, Africa is well placed for future growth.

Our Africa group has over 25 years of involvement in Africa, a continent which includes some of the top 10 fastest growing countries in the world. We have advised on exciting and innovative matters involving almost all of the countries and territories on the continent. We advise on a wide range of inbound and outbound African-related matters including on matters involving M&A, Capital Markets, Finance, Private Equity, Commerce & Technology, International Arbitration & Litigation, Energy & Infrastructure. We focus on a number of sectors including Energy & Infrastructure, Oil & Gas, Mining, TMT, Consumer and Financial Institutions.

We work right across the continent, deploying services to accommodate Anglophone, Francophone or Lusophone legal systems. We have a track record of successful co-operation and working relationships with local counsel in most of the jurisdictions on the continent.

Recent work highlights include members of our team advising:

  • Standard Bank and Renaissance Capital as managers to the US$98.7 million sale of shares in Umeme Limited, an energy distribution network company in Uganda, by Umeme Holding Limited
  • The Abraaj Group on the establishment of the Themis Energy project development company and related transactions
  • BHP Billiton’s newco South 32 on its multi-billion dollar demerger from BHP Billiton of its aluminium, maganese and coal assets in South Africa, Mozambique, Australia and South America and its listings on the ASX, the JSE and the LSE
  • China Molybdenum on the US$2.65 billion acquisition of Freeport’s indirect 56% interest in Tenke Fungurume in the DRC
  • ADC African Development Corporation on the consortium arrangements and investment into Union Bank of Nigeria involving a $750 million consortium equity investment and more recently on the sale of RSwitch in Rwanda to Millicom
  • Guaranty Trust Bank on its acquisition of a 70 per cent stake in Kenya’s Fina Bank Limited for US$100 million (N16 billion). At the time Fina Bank had total assets of $338 million with operations in Kenya, Rwanda and Uganda
  • Diamond Bank and Guaranty Trust Bank on their offer of GDRs and admission to trading on the London Stock Exchange
  • Baiyan and China Africa Development Fund consortium on the takeover of ASX and JSE listed Gold One with gold assets in Southern Africa 
  • Glencore on its Burkina Faso copper joint venture with ASX listed Blackthorn Resources and Glencore’s acquisition of a 13% stake in Blackthorn
  • Helios Investment Partners on its $145 million acquisition of South Africa’s INM Outdoors Limited, with operations in over 13 countries in Africa.

Read articles from our Made In Africa publication.

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