1. Savannah Clinker Limited
In connection with the issuance of a bond of up to a maximum face value of USD 485 million (KES 65.4 billion) on the Estates and Infrastructure Exchange in the City of London.
2. World Bank
On the regulatory considerations for the proposed USD 350 million (KES 49.1 billion) Kenya Digital Economy Acceleration Program. This was as part of a consortium.
3. K&M Advisors LLC
An internationally recognized finance and engineering advisory firm, has been engaged by the Kenya Electricity Generating Company PLC to conduct a feasibility study for the development and operation of infrastructure for the importation of liquefied natural gas, conversion of the existing Heavy Fuel Oil/Medium-Speed-Diesel HFO Power Plants and development of a natural gas power generation plant valued at USD 320 million (KES 43.2 billion).
4. Acorn Holdings Limited (Acorn)
(A leading real estate developer and the largest institutional investor in rental housing in East Africa) in the unprecedented establishment of the world’s first USD 52 million (KES 6.53 billion) Development Real Estate Investment Trust (D-REIT) fund.
5. Design 2000
In drafting and reviewing a construction and fit-out contract for a luxury residential development valued at USD 32 million (KES 4.3 billion) in Nairobi based on the FIDIC White Book.
6. Linkham Africa Holding Limited
(The majority shareholders in Resolution Group Limited) in the ongoing restructuring of Resolution Insurance Ltd (under Statutory Management) through a first-of-a-kind proposed Hybrid Scheme of Arrangement for an insurance company under Statutory Management proposing to revive Resolution Insurance Limited. The objective of this process is to propose a feasible turnaround of the company through a practical reorganization plan and have it resume its business undertakings as a going concern. The value of this transaction is USD 21 million (KES 2.84 billion).
7. Absa Bank
In a derivative transaction valued at USD 5 million (KES 675 million) contemplated under ISDA Master Musharaka Hedging Document which is essentially an interest rate swap. However, under Shari’ah law, the levying of interest is prohibited and so the transaction must take the nature of a profit rate swap. Islamic profit rate swaps are mainly used to avoid price changes in the value of an asset and to avoid market volatility in currency rates. These are the agreements to exchange profit rates between fixed-rate and floating-rate financial transactions and require a trade of assets in the underlying contracts to comply with Islamic principles.
8. Telkom Kenya
(An integrated telecommunications provider in Kenya) on the proposed combination of Telkom Kenya’s telecommunication business in Kenya through a joint venture with Airtel Kenya (one of Kenya’s leading telcos) to create a leading integrated telecommunications platform with mobile, enterprise, and wholesale divisions.
9. Safaricom PLC
(The largest telecommunications provider in Kenya) on the legal and regulatory issues for structuring and implementation of a revolutionary consumer product in the digital space. We also assisted and supported their product development teams in structuring new consumer offerings through digital distribution channels.
10. Safaricom PLC
In negotiating and drafting a contract for sharing of revenues generated by a Caller Ring Back Tone service through a platform known as Skiza, with performing artists.
11. Saracen Media
(A leading Kenyan communications agency), on an acquisition of a stake in Bean Interactive Media and Index Vault Limited.
12. Postal Corporation of Kenya
(The company responsible for postal services in Kenya) in the acquisition of Rangers Football Club. This was the first sports franchise acquisition deal in Kenya
