AfrAsia – A bridge between continents

The AfrAsia Bank consolidate his strategy through different continents.

 

AfrAsia has strategically aligned itself with Mauritius’ ambitious vision of becoming a competitive gateway for directing trade and investment flows into the African continent. It leverages its strong ground presence through its South African Representative Office in Johannesburg and an extensive network. It is well positioned to promote Mauritius as an International Financial Centre (IFC) for South African corporations seeking to establish their corporate structures and financing arrangements in a corporatized structure, in order to expand their businesses across Africa. To this end, the bank has established a dedicated team to provide ongoing support to these corporations in their day-to-day transactional and debt funding requirements, ranging from short-term liquidity requirements to long-term capital expenditures. Such efforts have facilitated the seamless integration of South African businesses with Mauritian structures, thereby unlocking greater potential for growth and expansion.

Furthermore, AfrAsia has enabled Private Equity Funds based out of South Africa to leverage local liquidity in Mauritius to facilitate their funding requirements. This has allowed these funds to tap into a wider range of investment opportunities, thereby enhancing their returns and ultimately contributing to the growth of the African economy. Additionally, the bank also supports South African partner banks from a liquidity perspective.

AfrAsia Bank is focused on accompanying its clients in their existing business ventures and their expansion across Africa. The Bank is strategically positioned to meet the diverse financial needs of its customers through its transactional, global markets, and corporate funding capabilities. It has established robust relationships with influential stakeholders across Africa and Asia, ranging from institutional clients and private equity funds to conglomerates and development finance institutions (DFIs). These partnerships enable the bank to facilitate smooth trade and capital flows between the two continents. AfrAsia’s asset exposures are spread across several African countries and multiple Asian countries, including Singapore, Thailand, India, and Vietnam. The focus is further extended to accompany existing customers based out of Mauritius seeking to expand their physical market reach across Africa. As part of its ongoing commitment to enhancing its expertise, the bank is exploring ways to expand its knowledge in key sectors, such as commodity financing, which have significant investments in Africa and Asia.

“It is crucial to acknowledge the persistent highrisk environment and support our clients by providing them with the necessary financial backing. However, we have recently observed that many borrowers are actively seeking diverse funding options such as wrap, guarantees, and DFI funding that prioritize sustainable development and social responsibility. This shift in approach enables corporates to expand their financing alternatives and match their ESG requirements with their funding sources, ultimately promoting a more sustainable financial ecosystem,” says Navin Ramdoyal, Head of International Corporate (Africa) of AfrAsia

 

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