Capital Markets

Investment bank Faida, UK’s VSA Capital ink deals pact

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Faida Investment Bank chief operations officer Rina Hicks during an interview in May 2019. PHOTO | DIANA NGILA | NMG

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Summary

  • Faida Investment Bank has partnered with London-based VSA Capital, strengthening its ability to handle cross-border deals.
  • The partnership with the international investment banking and broking firm will enable both to ride on their broad range of advisory skills and knowledge of corporates and investors throughout Africa for the benefit of their respective client bases.
  • Faida Investment Bank chief operations officer Rina Hicks said the deal will help the firms serve an increased client base in Africa and beyond.

Faida Investment Bank has partnered with London-based VSA Capital, strengthening its ability to handle cross-border deals.

The partnership with the international investment banking and broking firm will enable both to ride on their broad range of advisory skills and knowledge of corporates and investors throughout Africa for the benefit of their respective client bases.

Faida Investment Bank chief operations officer Rina Hicks said the deal will help the firms serve an increased client base in Africa and beyond.

“What we are doing is a collaboration to help our clients access bigger capital and investment opportunities,” Ms Hicks told the Business Daily.

“The joint venture will see VSA Capital clients looking for investments in Kenya and East Africa ride on Faida Investment expertise. In turn, Kenya and East Africa investors seeking to invest overseas will enjoy support from VSA Capital.

VSA Capital has offices in London and Shanghai and provides corporate finance, advisory and capital markets services to private and public firms.

The firm already has similar joint ventures with South Africa’s Moshe Capital and in Hong Kong and Greater China with South China Securities.

VSA Capital chief executive Andrew Monk said: “Combined with VSA’s office in Shanghai, it will create a formidable London-China-Africa axis that will be appealing to multinational clients operating in these regions.”

African economies are among the fastest growing in the world today, making them attractive to both local and overseas investors.

The African Continental Free Trade Area which congregates over 1.2 billion people, is taking shape, pointing to more cross border activities.

Investments in banking and finance, oil and gas, energy and power, infrastructure, transportation and logistics are tipped to increase going forward.

Many organisations, such as law firms are looking for strategic alliances to reap from the development.