Infrastructure, mining and commodities
Africa continues to attract considerable investor interest across the key sectors in which we are active including power, oil and gas, renewable energy, infrastructure, mining, transportation, agribusiness, technology and healthcare. Consequently Africa continues to have significant strategic importance for our global business. Our Africa group is made up of over 450 lawyers with the large majority based in one of our 9 local offices and approximately 100 lawyers advising from our international offices. Our lawyers have experience of working in over 45 common law and civil law-based African jurisdictions and actively advise on both ground-breaking projects and transactions as well as assisting our clients with their on-going commercial operations across Africa and internationally.
Our African footprint is significant and expanding and our in country knowledge is unrivalled. Our on the ground presence consists of offices in Johannesburg, Cape Town, Durban, Casablanca and Dar es Salaam and strategic alliances in Burundi, Uganda, Kenya and Zimbabwe. All our offices offer full service capabilities across our key sectors, Our Global Africa practice continues to receive significant public recognition both for the pioneering work we are involved in on the ground across Africa and also for our long term commitment to the continent.
- Bagamoyo Port - Largest single investment on the East Coast of Africa. We are advising China Merchant Holdings International (CMHI) and State General Reserve Fund of Oman on the development of a major new port and its related infrastructure and logistics in Tanzania (Bagamoyo Port) It is one of the largest government infrastructure projects in the country and will be the largest single investment ever on the East Coast of Africa and by some estimates the overall investments could be in excess of US$10bn. The port is a significant project for the region and also involves the construction of a Special economic zone adjacent to the port.
- Burkina Faso’s first towerco - We advised the lenders Societe Generale and BNP Paribas on the financing of the acquisition by Eaton Towers Burkina Faso SA of Bharti Airtel’s approximately 700 telecommunication towers in Burkina Faso. This is a ‘first in country’ deal and the underlying acquisition by Eaton Towers forms part of a portfolio of tower divestments by Bharti Airtel across Africa, the first full cross-continent tower portfolio divestment in Africa.
- Expansion of Coca Cola’s West African portfolio - We advised Tropical General Investments Group (TGI Group) on the auction sale of Chi Ltd, Nigeria’s leading fruit juice, dairy and snacks manufacturer, to The Coca-Cola Company (Coca-Cola). TGI Group is an international investment and holding company with diversified interests in a range of emerging markets and industries including fast moving consumer goods, agriculture, healthcare and chemicals.
- Peugeot’s first direct investment in Africa - We advised PSA Peugeot Citroën on its first direct investment in Africa with an assembly plant in Morocco scheduled to start production in 2019. The new factory near the city of Kenitra will start with a capacity to build 100,000 vehicles a year by 2023. Our role included the drafting and negotiation of an investment agreement entered into between PSA Peugeot and the Minister of Industry and Trade. This is a landmark investment for PSA Peugeot Citroën that plans to expand its presence in Africa and the Middle East, a historic market for the company.
- Exciting developments in African renewable energy - we continue to witness the success of renewable energy projects across Africa Examples of our involvement in such projects include advising:
- MASEN on the development and financing of Noor II and Noor III concentrating solar power (CSP) projects – the world’s largest solar energy project in North Africa:.
- Alten on the development and financing of a 40MW solar photovoltaic power plant to be built in Kesses, western Kenya. This will be the first solar photovoltaic project in Kenya as an independent power project
- World Bank Group on its development of the Scaling Solar Programme for Sub-Saharan Africa in the form of a peer review of the standard form contracts that underpin the model for International Finance Corporation.
- Angola issues largest non-investment grade bond - We advised the Government of Angola on a US$1.5bn bond issue, its debut in the international bond market. This is also the largest inaugural bond issue by a non-investment grade sub-Saharan African sovereign, to date.
- Refinancing and acquisition of one of Morocco’s premier malls - We advised South-African group Delta International on its financing by Investec Bank of its real estate investments in Morocco including the partial refinancing of its DRH 1 billion acquisition of the AnfaPlace Shopping Centre, one of Morocco's premier malls and Delta International’s flagship property. The original acquisition (on which we also advised) was and remains one of the biggest and most significant deals in the Moroccan retail sector. It is still regarded as a reference deal for the market. This project involved the multiple jurisdictions namely Morocco, Spain and South Africa. Our involvement in this deal showcases our African real estate experience which includes development, transaction and finance. It also demonstrates our in-depth knowledge of Morocco as a key jurisdiction in Africa’s growth story.
Awards and accolades
- Band 1 - Africa-wide projects and energy - Chambers Global 2016
- Band 1 - mining & minerals - Chambers Global 2016
- Top 3 international firms doing deals in Africa by deal volume - Mergermarket (Q2 2016)
- African deals of the year - Yaramoko gold project Burkina Faso (Africa Mining and Metal deal 2016), NOC $1.75 billion acquisition Angola (Africa Oil & Gas deal 2016) and Eaton Towers Burkina Faso (Africa Telecoms deal 2016) - Infrastructure Journal Awards 2016
- Best Trade Finance Law Firm in Africa 2015 – Global Trade Review
- Best Trade Finance Law Firm in Sub-Saharan Africa 2015 - Global Trade Review
- Global Mining Law Firm of the Year, 2012, 2013, 2014 – Who’s Who Legal Awards
- Global Trade Finance Law Firm of the Year, 2011, 2012, 2013, 2014 – Trade Finance Magazine