Stanbic helps Wilderness raise US$35m

This structured, multi-currency loan facility was led by Stanbic Bank Botswana and the proceeds will be deployed over several years in multiple currencies, thereby creating a natural hedge against foreign exchange risks. The transaction is one of the largest corporate deals in Botswana in 2016, and was fully funded by Stanbic Bank Botswana on a bilateral basis.

Leina Gabaraane, Managing Director at Stanbic Bank Botswana says: “Our footprint across 20 countries on the continent provided Wilderness Safaris with an on the ground banking partner with regional and local expertise in the countries in which they operate, as well as countries targeted for future expansion.”  As Sole Arranger, Stanbic Bank Botswana has been able to provide Wilderness Safaris with bespoke funding solutions that will help protect it from currency volatility as well as generate future growth.