Afreximbank led a $110m funding round in ZETDC.

Synopsis

African Export-Import Bank, a pan-African multilateral trade finance institution, led a $110m funding round in Zimbabwe Electricity Transmission & Distribution Company, a energy generating company. The funds will help ZETDC to improve revenue collection through smart meters and prepaid meters and thus pay off regional creditors’ accounts.

Principals

target

Zimbabwe Electricity Transmission & Distribution Company

bidder

African Export-import Bank

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Market Context

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Bidder Team (2)

denys denya

Executive Vice President at AFRICAN EXPORT-IMPORT BANK

Manager

bidder

Deal

£ 82 M

Total Value

benedict oramah

President and Chairman at AFRICAN EXPORT-IMPORT BANK

Manager

bidder

Deals

£ 82 M

Total Value

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