Securities backed by the real economy
African stock exchanges seek quality issuers, while national and regional savings seek investments backed by tangible assets they understand. Once in operation, the project vehicles structured by the firm can issue quasi-equity and project bonds whose cash flows rest on long-term contracts.
Connecting national and regional savings with productive infrastructure
For the stock exchange
Depth and regularity of issuances
A steady pipeline of new issuers backed by audited project companies (SPVs), with issuance volumes expanding methodically as each new tranche of assets enters operation.
For savers & regional investors
Transparent yield on tangible assets
A long-term investment directly channeled into national industry, energy, or logistics, backed by contracted revenues and served immediately after senior debt.
For the State
Sovereignty of national savings
National and regional savings productively mobilized in service of strategic domestic infrastructure and industrial assets, with zero recourse to the State budget.
Issuing once the asset is built and operating
To protect public and institutional savings from construction contingencies, market listing takes place once the dedicated project vehicle (SPV) has entered effective commercial operation and generates verifiable contracted cash flows.
Closed initial financing
Construction risk is borne by the EPC contractor (lump-sum turnkey contract) and initial institutional sponsors.
Revenue stabilization
Long-term offtake agreements reach steady-state operation and the vehicle's accounts are certified by statutory auditors.
Market issuance
The vehicle issues project bonds or quasi-equity securities offering regular yield backed by an operating physical asset.