Capital markets play a vital role in mobilising large-scale, long-term finance on the continent, while regionalisation and the emergence of financial hubs in sub-Saharan Africa encourage market momentum.
African countries are accelerating their economic development to meet the expectations of their populations, and financial institutions play a pivotal role in this process. Financing innovations are delivering fast sustainable growth to businesses and individuals and capital markets complement bank financing to provide large-scale and long-term solutions.
A key player in the African capital markets landscape, ALN provides a wealth of knowledge and expertise in a complex regulatory environment.
Our lawyers understand the complexity of regulation and are well placed to advise both foreign and local clients on the listing process and relevant regulatory processes. Our capital markets practice has acted for a range of local and international listed companies, lead managers and financial advisers throughout the Continent.
Principal Areas of Practice:
Representative transactions include advising:
Our representative matters in this sector include:
In connection with the issue of its USD 2 billion Eurobond – the largest sovereign debut debt issue in Sub-Saharan Africa to date and the 2014 African Deal of the Year at the Global Capital Emerging Markets Bond Awards – as well as its subsequent USD 750 million tap.
The largest commercial bank on the African continent by number of customers and traded on the Nairobi Securities Exchange, in connection with its cross listing on to the Rwanda Stock Exchange.
The largest electricity distribution company in Uganda and publicly traded on the Uganda Securities Exchange, in connection with its cross listing onto the Nairobi Securities Exchange.
a subsequent initial public offering.
In connection with the delinking of its operations in the northern hemisphere and the southern hemisphere, including creating of a new entity to be listed on the Johannesburg stock exchange with secondary listing in Malawi, Namibia and Zimbabwe for the southern hemisphere, as well as the delisting of one entity and listing of another on the Malawi stock exchange.
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