Dashboard

James Banda on Airtel Money Bond

ZICTA has provided an informal indication that the cross-shareholding query can be resolved via a letter of undertaking from the common institutional shareholder confirming no coordination in the Zambian market. Airtel legal team is pursuing this route.

8 minutes ago

Sarah Mukuka on Airtel Money Bond

Airtel Africa London has been engaged at CFO level. They understand the revised timeline and have agreed to a 2026-06-30 close target. The two unsigned IPR letters will be resolved this week - administrative issue on the London side.

8 minutes ago

Ceasar Siwale on Airtel Money Bond

NAPSA and ZSIC commitments are confirmed in writing. This is the largest combined domestic anchor commitment Pangaea has secured in a single transaction. The deal is effectively pre-sold. The remaining risk is entirely execution and regulatory.

8 minutes ago

James Banda on Zambia Sugar Mezzanine Facility

AfDB has requested a site visit to the Mazabuka mill before their investment committee. Zambia Sugar's management team have agreed. Logistics being coordinated with AfDB Zambia country office. Planned for mid-May.

8 minutes ago

Sarah Mukuka on Zambia Sugar Mezzanine Facility

Reviewed Stanbic and FNB existing facility documentation. The consent threshold for subordinated debt is a simple majority of the senior lenders by outstanding balance. Stanbic holds 60% so their consent alone is sufficient. FNB consent would be preferred but not legally required.

8 minutes ago