Absa Corporate and Investment Banking (CIB) has successfully arranged a USD72 million structured aviation finance facility with Aircraft Engine Lease Finance (AELF) to expand its aircraft fleet across Africa. Acting as Mandated Lead Arranger and Senior Lender, Absa CIB enables AELF to increase leased aircraft for African carriers, enhancing regional connectivity, aviation infrastructure, and job creation in the aviation sector. The deal reflects Absa CIB’s expertise in commercial aircraft leasing, aviation finance solutions, and structured asset finance. This partnership strengthens long-term collaboration between Absa and AELF, supporting sustainable growth in Africa’s aviation industry, airline operations, and fleet financing strategies.
Tag: job creation
Google SA launches R2.5 billion cloud region in JHB, offering local businesses access to the world’s best data warehouse
Google South Africa has launched a R2.5 billion Google Cloud region in Johannesburg, marking the first such project in Africa. This investment provides local businesses with access to world-class data warehouse platforms and is poised to drive innovation, economic growth, and job creation across the continent.
Multi-Billion Dolar Investment Signals New Era of Industrial Transformation for West Africa
West Africa is on the brink of a major industrial transformation, fueled by a multi-billion dollar investment. This landmark initiative is expected to boost economic development, enhance industrial capabilities, and create new opportunities for businesses and workers alike.
SOLA Group Reaches Major Milestone, Producing 1 Billion kWh of Clean Energy
SOLA Group achieves a major milestone by producing 1 billion kWh of clean energy ahead of schedule. This accomplishment marks a significant contribution to South Africa’s renewable energy transition, job creation, and local economic development.