Standard Bank wins award for the Morupule B deal

source: Mmegi

Standard Bank has reinforced its credentials in providing project finance to African power plant projects winning another award for its role in Morupule B Power Station, named as ‘African Power Deal of the Year’ by Project Finance International (PFI).

PFI is the leading source of global project finance intelligence. It is published every two weeks, PFI reports on the entire lifecycles of deals, from the initial rumours through to post-completion analysis. Morupule B was the first major transaction involving Standard Bank and Industrial and Commercial Bank of China(ICBC) since the Chinese bank took a 20 per cent stake in Standard Bank in February 2008. This transaction demonstrates the benefits of the Standard Bank and ICBC partnership to African companies looking for financing and to the local communities whose quality of life is enhanced through increased expenditure on essential power and infrastructure projects.

Commenting, Rob Walker, Director, Investment Banking Coverage Africa, Standard Bank, said: “Standard Bank is delighted to win another award for our role in [continue reading]

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