The drive to implement more telecommunications infrastructure across East Africa has been boosted with the announcement that Altech Kenya Data Networks (KDN) has entered into a funding arrangement for capital expansion over a three year period through Standard Bank
Helmut Engelbrecht, Standard Bank’s Head of Investment Banking in Africa, says the transaction will provide a stable and predictable financial platform for KDN’s expansion across Kenya and the East Africa region.
“Standard Bank’s on-the-ground presence and long-term experience in Kenya laid the foundation for this transaction, and was supported by our ability to provide Kenyan shilling liquidity, our cross-border structuring and execution expertise.
Mr Engelbrecht added; “The opportunity to partner with the Altech Group in supporting their growth in Africa, helps establish a strategic relationship between Altech and Standard Bank on the continent. These types of relationships are pivotal to the expansion of international business networks across Africa.”
The KDN deal illustrates the capacity and expertise within the Standard Bank Group to seamlessly structure transactions across geographies.
“Standard Bank has been able to offer KDN the expertise of our Investment Banking team in Kenya, coupled with the support of our Global Markets business, as well as the Africa Global Structuring team in South Africa,” said Mr Engelbrecht.
