Rand Merchant Bank Zambia
Rand Merchant Bank, in association with FNB Zambia, is proud to have acted as co-mandated lead arranger for Zambia’s largest ever Zambian Kwacha denominated corporate lending. The US$128-million loan to Zambia Sugar Plc, the country’s leading sugar producer and single largest employer in the Mazabuka region, will be used to assist in the funding of the company’s recently completed major agricultural and factory expansion.
Building on its excellent relationships with a variety of key role players in the African telecommunications sector, Rand Merchant Bank connected MTN Zambia with Huawei for a capital equipment purchase that will add significant ICT infrastructure, giving Zambia improved connectivity. The deal gives MTN increased network capacity and Huawei increased uptake of its leading ICT solutions, in Africa.