Pedestrians walk past a CFC Stanbic Bank branch in Nairobi. PHOTO | FILE
CfC Stanbic Bank has been named the best investment bank in Kenya by EMEA Finance, a publisher that covers transaction activity in Europe, Middle East and Africa.
The bank, which is part of Standard Bank Group of South Africa, said being part of a larger banking conglomerate makes it offer clients more options and access to a wider network of transaction advisers.
Some of the transactions the regional team midwifed include Kenya’s debut $2 billion sovereign bond, IFC’s Rwandese franc-denominated bond and the block share sale of Umeme, the Ugandan utility.
Stanbic investment banking subsidiaries in Uganda, Tanzania and Rwanda also won. The parent bank also carried out South African parastatal Transnet 10-year $1 billion bond in 2012 that was oversubscribed by eight times.
“We are able to leverage across our extensive geographic footprint in the region and on the continent and thus can support our clients,” said CfC regional head for investment banking Anne Aliker.
PAYE Tax Calculator
Note: The results are not exact but very close to the actual.
