Stanbic Bank Botswana recognised in The Innovators 2017 by Global Finance
Correspondent | Tuesday May 23, 2017 17:03
Stanbic Bank welcomes this award under the Corporate Finance category for a bilateral deal executed by the bank’s Corporate & Investment Banking (CIB) division for Wilderness Safaris in 2016. Stanbic Bank served as the Sole Arranger.
The award will be presented at Global Finance’s Digital Bank and Conference Awards in London on November 2, 2017.
Stanbic Bank led the charge in opening a structured, multi-currency loan facility. This allowed Wilderness to raise a USD35 million bilateral loan for purchase of a new ecotourism company in Kenya.
This was one of the largest corporate deals in Botswana in 2016 and was fully funded by Stanbic Bank Botswana on a bilateral business.
Stanbic Bank Botswana Head of Corporate & Investment Banking, Sheperd Aisam said “We are humbled and indeed honoured by such recognition, in such illustrious company as afforded by other recipients of this prestigious award. The Wilderness Safaris deal is something we remain incredibly proud of, and speaks to our insight, expertise and capability as a Botswana business with firmly African roots in our Standard Bank Group heritage.”
This is the Global Finance’s second annual listing of companies and banks that are engendering innovation in their field. “Corporate finance leaders seek tools that enable well-informed decision-making, and the latest innovations seek to build that capacity, whether by centralising information for security or de-centralising to share data across a network of stakeholders,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “Meanwhile, the banks that serve them are devising ever more ingenious financial instruments to support business activities around the world.”
All selections were made by the editorial Board of Global Finance, taking into consideration nominations and submissions. In addition, the board reviewed key research and the input of experts in evaluating companies and banks that stand out for their transformative and innovative solutions, also referencing the OECD’s Oslo Manual of Innovation.
“This deal was one example of our ability to find innovative solutions for home-grown African multi-national clients committed to Africa and promoting local growth.
We do not do what we do for the accolades; we do it to move our people forward. However, such recognition is welcomed in reaffirming we are making strides in delivering on our mandate as a business and for our valued clients,” concluded Aisam. Global Finance also named Stanbic Bank as the Best Bank in Botswana in April 2017. This was part of the magazine’s 24th annual awards for the World’s Best Banks.
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,000 and readers in 192 countries. Its circulation is audited by BPA. Global Finance’s audience includes chairmen, presidents, CEOs, CFOs, treasurers and other senior financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions.
Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.
Its website — GFMag.com — offers analysis and articles that are the heritage of 30 years of experience in international financial markets, and provides a valuable source of data on 192 countries. Global Finance is headquartered in New York, with offices in London and Milan.