Sub-Saharan Africa
The Admiralty Group and its principals have completed the following assignments in Sub-Saharan Africa
Botswana: Development of Loan Guarantee Facilities
Prepared the financial appraisal and loan documentation, and undertook final negotiations with Standard Chartered Bank, Bank of Industry and Commerce and Barclays Bank to mobilize loan guarantees.
Ghana: Agricultural Diversification - Refrigerated Warehousing for Ghana
Admiralty Group investigated the commercial viability of establishing refrigerated warehousing facilities for Ghana's non-traditional export sector (horticulture and fisheries). We facilitated the financing of these operations in tandem with the Ghana Export Promotion Council and the World Bank Resident Mission in Accra. We provided project management, merchant banking, trade and export, horticulture, fisheries and refrigeration expertise. A World Bank project, funded by the Government of Ghana.
Kenya: Banking Study
Examined the feasibility of establishing loan guarantee facilities with four non-bank financial institutions, utilizing offshore guarantees to mobilize blocked currencies with an international branch of AIG. USAID funded.
Lesotho: Privatization of the Lesotho Airways Corporation
Admiralty provided legal, merchant banking, negotiating, structuring, airline and privatization expertise to privatize the Lesotho Airways. A successful sale was negotiated by which the Government could ensure the maintenance of essential air services, provided on a commercial and competitive basis.
Lesotho: Privatization of the Lesotho Investment Holdings Ltd.
Admiralty Group provided legal, merchant banking, negotiating, structuring, and privatization expertise to the Lesotho National Development Corporation to privatize its shareholdings in five commercial ventures
Sierra Leone: Privatization of the National Insurance Company
Admiralty was engaged by the Government of Sierra Leone to prepare its National Insurance Company for sale. We developed offering documents and identified prospective buyers. The Government fell during the process of structuring, negotiating and closing the sale, and the project was closed prior to completion.
Sierra Leone: Valuation of the National Insurance Company
We assisted the Government of Sierra Leone in the privatization process of the National Insurance Company. Admiralty Group valued the National Insurance Company and developed a strategy for divestment and privatization. A World Bank project.
Sierra Leone: Privatization of Six Government Owned Hotels
We assisted the Government of Sierra Leone in the privatization process of six government owned hotels. Admiralty Group valued the hotels on income capitalization, comparable room sales and replacement methodologies, developed a strategy for privatizing and recommended a value enhancing strategy. The Government of Sierra Leone fell before the sales were complete and the project abandoned. Funded by the World Bank.
Swaziland: Offshore Banking Center.
Reviewed the feasibility of, and options for, establishing offshore banking and finance center in Swaziland, including legal, economic and financial analyses and direct advisory and consulting work with private sector and government organizations. USAID funded.
Zimbabwe: Development of Regional Pre-export Financing Facility
We designed the initial framework for a US$ 75 million pre-export financing line to enhance regional exports for the SADCC region.