Deutsche Bank retains its title as the Best Foreign Investment Bank in Africa
Deutsche Bank scooped five Awards from EMEA Finance Magazine’s African Banking Awards 2020
For the second year in a row, Deutsche Bank has been named Best Foreign Investment Bank in Africa at the EMEA Finance Magazine’s African Banking Awards in its 2020 cycle. Furthermore, in recognition of its integral role in supporting the African economy, the jury also named Deutsche Bank the Best Foreign Investment Bank in Angola, Cote d’Ivoire, Gabon and Niger. “The bank’s success in Africa is driven by our continuous focus and drive to provide exceptional advice and solutions to our clients on the continent.” said Kees Hoving, Co-Chief Executive Officer (Co-CEO) for Middle East and Africa (MEA) and Head of Corporate Bank MEA.
The bank has a proven track record of arranging and underwriting bonds and loans for sovereign and sovereign-owned clients in Africa and possesses unique, market-leading structuring capabilities to deliver on important development finance-backed (“DFI”) transactions for sovereign clients; especially for critical infrastructure projects. Since January 2018, Deutsche Bank has executed seven structured financing transactions with partial credit guarantees or credit insurance from a DFI in four different countries in Sub-Saharan Africa, with over 1.4 billion euros lent in the region. The latest transaction was a 10-year amortising loan for the Ministry of Finance of Niger – the country’s first ever international commercial financing arrangement.
In addition, Deutsche Bank works with Export Credit Agencies (“ECAs”) and multilateral organisations to provide cost-effective financing solutions for sovereigns and sovereign-owned institutions that may have struggled to access the traditional capital markets for funding in a cost-effective way. Earlier this year, Deutsche Bank financed the construction of two new regional hospitals as well as five new medical units in five additional hospitals in the West African Republic of Côte d'Ivoire, together with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). (link)
“To facilitate a better future for the environment and local communities, we aim to provide tailored, sustainable financing initiatives in Africa. From renewable energy to transportation and healthcare, we actively look to support infrastructure projects which require low emissions, improve access to basic healthcare and clean drinking water and lead to sustainable developmental outcomes for our African sovereign clients.” said Kees.
Having led the highest percentage of inaugural International bonds for sovereigns in the region over the past 10 years, Deutsche Bank is one of the top-ranked international banks for issuing bonds in Africa. Since last year, Deutsche Bank led major bond issuances for the Republic of Gabon, the Republic of Angola and the Republic of South Africa. The bank also acted as Paying Agent on most of those transactions.
Claire Coustar, Head of CEEMEA Client Coverage and Head of Emerging Markets Structuring, said: “We’re proud of what our product and coverage teams across divisions have achieved in Africa. Winning this award for the second consecutive year is a testament to these efforts and the world class contribution from our bankers to improving African infrastructure and enhancing African sovereign access to the international capital markets. Congratulations to the team across the investment and corporate bank on its client and product delivery. We are excited about the growing business opportunities in Africa and look forward to continuing our successful partnerships on the continent.”
Earlier this year, Deutsche Bank received the “Excellence in Leadership in Africa” Award from Euromoney Magazine during its 2020 Awards for Excellence cycle. The bank won by merit of the excellence it demonstrated as an investment bank on the African continent, in particular its work in infrastructure financing and debt re-profiling with the support of Development Finance Institutions (DFI), and on sovereign Debt Capital Market (DCM) and Export Credit Agency (ECA) transactions.
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Deutsche Bank scooped five Awards from EMEA Finance Magazine’s African Banking Awards 2020
For the second year in a row, Deutsche Bank has been named Best Foreign Investment Bank in Africa at the EMEA Finance Magazine’s African Banking Awards in its 2020 cycle. Furthermore, in recognition of its integral role in supporting the African economy, the jury also named Deutsche Bank the Best Foreign Investment Bank in Angola, Cote d’Ivoire, Gabon and Niger.
“The bank’s success in Africa is driven by our continuous focus and drive to provide exceptional advice and solutions to our clients on the continent.” said Kees Hoving, Co-Chief Executive Officer (Co-CEO) for Middle East and Africa (MEA) and Head of Corporate Bank MEA.
The bank has a proven track record of arranging and underwriting bonds and loans for sovereign and sovereign-owned clients in Africa and possesses unique, market-leading structuring capabilities to deliver on important development finance-backed (“DFI”) transactions for sovereign clients; especially for critical infrastructure projects. Since January 2018, Deutsche Bank has executed seven structured financing transactions with partial credit guarantees or credit insurance from a DFI in four different countries in Sub-Saharan Africa, with over 1.4 billion euros lent in the region. The latest transaction was a 10-year amortising loan for the Ministry of Finance of Niger – the country’s first ever international commercial financing arrangement.
In addition, Deutsche Bank works with Export Credit Agencies (“ECAs”) and multilateral organisations to provide cost-effective financing solutions for sovereigns and sovereign-owned institutions that may have struggled to access the traditional capital markets for funding in a cost-effective way. Earlier this year, Deutsche Bank financed the construction of two new regional hospitals as well as five new medical units in five additional hospitals in the West African Republic of Côte d'Ivoire, together with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). (link)
“To facilitate a better future for the environment and local communities, we aim to provide tailored, sustainable financing initiatives in Africa. From renewable energy to transportation and healthcare, we actively look to support infrastructure projects which require low emissions, improve access to basic healthcare and clean drinking water and lead to sustainable developmental outcomes for our African sovereign clients.” said Kees.
Having led the highest percentage of inaugural International bonds for sovereigns in the region over the past 10 years, Deutsche Bank is one of the top-ranked international banks for issuing bonds in Africa. Since last year, Deutsche Bank led major bond issuances for the Republic of Gabon, the Republic of Angola and the Republic of South Africa. The bank also acted as Paying Agent on most of those transactions.
Claire Coustar, Head of CEEMEA Client Coverage and Head of Emerging Markets Structuring, said: “We’re proud of what our product and coverage teams across divisions have achieved in Africa. Winning this award for the second consecutive year is a testament to these efforts and the world class contribution from our bankers to improving African infrastructure and enhancing African sovereign access to the international capital markets. Congratulations to the team across the investment and corporate bank on its client and product delivery. We are excited about the growing business opportunities in Africa and look forward to continuing our successful partnerships on the continent.”
Earlier this year, Deutsche Bank received the “Excellence in Leadership in Africa” Award from Euromoney Magazine during its 2020 Awards for Excellence cycle. The bank won by merit of the excellence it demonstrated as an investment bank on the African continent, in particular its work in infrastructure financing and debt re-profiling with the support of Development Finance Institutions (DFI), and on sovereign Debt Capital Market (DCM) and Export Credit Agency (ECA) transactions.