Praised by clients as a ‘solid team of skilled professionals’, Anjarwalla & Khanna‘s banking and finance practice fields significant experience advising clients on complex transactions, notably project finance, security transactions, fintech, capital markets, debt restructuring, syndicated debt, and other areas. The team is highly adept at leveraging the firm’s sector experience to offer industry-specific transaction advice, and is broadly skilled at advising local and international banks. Sonal Tejpar heads the team, and brings over 25 years of experience in aviation finance, project finance, and restructurings. Akash Devani and Mona Doshi are both ports of call for commercial lending, with the latter fielding their expertise in Islamic finance. Shellomith Irungu is frequently retained by major local and multinational banks.
Banking, finance and capital markets in Kenya
Anjarwalla & Khanna
Praxisleiter:
Sonal Tejpar
Weitere Kernanwälte:
Akash Devani; Mona Doshi; Shellomith Irungu
Referenzen
‘A solid team of skilled professionals.’
‘Shellomith Irungu is very diligent and approachable in her work.’
‘Anjarwalla & Khanna has a strong team with high quality lawyers across the board.’
Kernmandanten
IFC
British International Investment
NCBA Kenya
Access Bank
Stanbic Bank Kenya
Citibank, N.A Kenya
International Finance Corporation
Pajeta Acres
AgDevCo
Highlight-Mandate
- Acting for British International Investment in connection with a USD26.5m term loan facility to AFEX Fair Trade (Nigeria), AFEX Fair Trade (Kenya), AFEX Commodities, and AFEX Commodities Exchange, Africa’s leading commodities platform currently ranked Africa’s fastest-growing companies by Financial Times.
- Acting for Access Bank, a multinational commercial bank with a presence in eleven countries across Africa, in connection with provision of banking facilities of USD54.9m to Bulk Stream, a company incorporated in Kenya operating bulk terminals in the port of Mombasa.
- Acting for AgDevCo, a social impact investor in African agribusiness, in connection with its USD8.6m mezzanine financing to EMF Holding, secured by a debenture created by its Kenyan subsidiary, EMF Kenya Harvest.
Bowmans
Praised by clients for its ‘very creative solutions for client’s transactions’, Bowmans‘s banking and finance team benefits from the firm’s full-service offering, advising lenders and borrowers on the full spectrum of strategic finance matters, including debt restructuring, projects, real estate and commodities finance, acquisition finance, capital markets, leveraged and acquisition finance, and structured finance. The team is highly sought after for its international expertise, advising clients from the banking, energy, telecommunications, and other industries on local and cross-border transactions. Cornelius Kigera heads the team, and is frequently approached for high-value corporate financing matters, while Dominic Indokhomi has a strong track record in fintech, capital markets, and debt structurings. Paras Shah is highly active in complex transactions, including syndicated loans.
Praxisleiter:
Cornelius Kigera
Weitere Kernanwälte:
Dominic Indokhomi; Paras Shah
Referenzen
‘The firm is able to think of very creative solutions for their client’s transactions.’
‘They have wide reaching networks within and outside of the Kenyan government and are able to give business and legal insight where needed.’
‘The associates and teams in the firm are relatively young and tech savvy which makes communication and quick turnaround time efficient and friendly to their clients.’
Kernmandanten
E3 Energy Kenya Limited
KCB Bank Kenya Limited
Greenlight Planet Kenya Limited
Stanbic Bank Botswana Limited,
The Standard Bank of South Africa Limited
Cordiant Capital Inc.
Vantage Mezzanine III Pan African Sub Fund Partnership
United Nations (Acting through Freshfields Bruckhaus Deringer LLP)
FMO
Mirova Sunfunder Inc
Apollo Agriculture Limited
Highlight-Mandate
- Acted as Kenyan counsel to Greenlight Planet Kenya Limited in a securitisation relating to the purchase of its receivables by Sun King Financing Limited, who in turn were being financed by several lenders through the issuance of notes.
- Advised E3 Energy on the financing they were to receive from KCB Bank Kenya.
- Acted as counsel for KCB in connection with secured banking facilities for up to USD110m to Fort Retail Kenya Limited.
Dentons Hamilton Harrison & Mathews
Dentons Hamilton Harrison & Mathews‘s banking and finance team is highly active in conventional banking matters, including highly strategic facility procurements, debentures, syndicated financing, and projects finance, along with sustainable financing and novel transaction options. The team advises lenders and creditors from across the region and internationally. Practice head Richard Omwela is highly active in operating in cross-border transactions involving capital markets and financings. Sigee Koech is a specialist in secured and unsecured lending mandates, as well as syndicated financing. Daniel Wanjau Muriu has over 20 years of expeerience in capital markets-related matters. Andrew Mugambi is a key port of call for matters involving project financing, especially PPPs.
Praxisleiter:
Richard Omwela
Weitere Kernanwälte:
Sigee Koech; Daniel Wanjau Muriu; Andrew Mugambi
Referenzen
‘Professionalism and knowledge.’
‘The team is very knowledgeable in any area a client requires advice on and they are all very professional.’
‘Sigee Koech’s knowledge of the depth of our industry and the law relating to it, her professionalism and her problem-solving skills are impeccable. ’
Kernmandanten
Gulf Energy Limited
I&M Bank Limited
African Export-Import Bank
The Standard Bank of South Africa Limited
Gulf Power Limited
NCBA Bank PLC
KCB Bank Kenya Limited
Trust Merchant Bank SA
Platinum Credit Limited
Volcafe Limited
Highlight-Mandate
- Advised Gulf Energy Limited, which was one of the 3 chosen importers under the G-2-G arrangement, on the associated risks on the G-2-G Framework, and drafted and negotiated a Tripartite Agreement involving the GOK, Nominated OMCs and Financing Parties.
- Acted for the Standard Bank Group in connection with a replacement accounts agreement relating to a term loan and revolving secured facilities agreement.
- Acted for African Export-Import Bank (AFREXIM), a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade, in a Term Loan Facility to the Government of Kenya, arranged by a consortium of five banks and advanced by AFREXIM.
DLA Piper Africa, Kenya (IKM Advocates)
DLA Piper Africa’s member DLA Piper Africa, Kenya (IKM Advocates)‘s banking and finance department is praised by clients for its ability to ‘offer solutions tailored to the needs of its clients’, offering full-service abilities in the sector. The team leverages considerable international expertise to operate in highly strategic cross-border mandates, and advises major local, regional, and international clients as both debtors and creditors in financings, debt restructurings, securities, facility procurement, and banking regulation matters. Anne Kinyanjui co-heads the team alongside Kamami Christine Michira, both fielding significant experience in capital markets, syndicated and bilateral financing, and asset financing. Norah Mutuku specialises in real estate finance and bank securities, while Amrit Soar continues to act in the team as a consultant.
Praxisleiter:
Anne Kinyanjui; Kamami Christine
Weitere Kernanwälte:
Norah Mutuku; Amrit Soar
Referenzen
‘I had the pleasure to work on a time sensitive project last year 2023 and part of this year 2024 with Kamami Christine. Kamami was firm and professional throughout the assignment enabling us to arrive at an appropriate structure for capital raising, while at the same time ensuring that all risks attendant thereto where flagged and mitigated.’
‘The partnership with DLA Piper makes the firm of IKM Advocates unique in their coverage across Africa.’
‘Their strength lies in the ability to breakdown complex issues and offer solutions tailored to the needs of their clients.’
Kernmandanten
Eastern and Southern African Trade and Development Bank
United States International Development Finance Corporation
Gateway CCI SEZ Limited
Stanbic Bank Kenya Limited
KCB Bank Kenya Limited
Gulf African Bank Limited
Standard Chartered Bank Kenya Limited
NCBA Bank Kenya PLC
Absa Bank Kenya PLC
Vital Capital Fund LP
Africa Conservation and Communities Tourism Fund LP
Co-operative Bank of Kenya Limited
Highlight-Mandate
- Acted for KCB Bank Kenya Limited in relation to the credit facility from Société de Promotion et de Participation pour la Coopération Economique (Proparco).
- Advised Trans-Century PLC (Issuer) on its rights issue.
- Advised KCB Group Plc on a corporate reorganisation involving the merger of the businesses of KCB Capital Limited, a licensed investment bank, and Natbank Trustee and Investment Services Limited, a licensed fund manager and corporate trustee and reorganisation of the resultant group structure to rationalise the holding company’s supervision and support for the operating subsidiaries.
Cliffe Dekker Hofmeyr incorporating Kieti Law LLP
Highly experienced in bilateral, syndicated, debt lending, structuring finance, and equity, Sammy Ndolo heads the banking and finance offering at Cliffe Dekker Hofmeyr incorporating Kieti Law LLP. The team is highly sought after for a variety of mandates in the financial sector, including financing healthcare, insurance, and energy sector clients. Associate Brian Muchiri is a key member of the team, and is retained in both local and cross-border matters. Partner Stella Situma joined the firm in April 2024.
Praxisleiter:
Sammy Ndolo
Weitere Kernanwälte:
Brian Muchiri; Lydia Owuor; Stella Situma
Referenzen
‘Client-centric approach and responsiveness.’
‘Brian Muchiri was consistent and timely with his responses, very willing to address my queries promptly, even last minute.’
‘The team is very experienced in handling debt facility agreements and security documentation. Brian Muchiri’s detailed explanations and proposed amendments to the documents highlight his expertise and the team’s capabilities in this area of law, including proposing solutions that are out of the box.’
Kernmandanten
BasiGo
ESG First Fund Holding I
Highlight-Mandate
ENSafrica
Praised for its ‘deep and wide multi-jurisdictional expertise’, ENSafrica‘s banking and finance department offers a broad range of conventional banking and finance services, such as asset debentures, securities, facilities, and loans, and is increasingly active in sustainable financing and hybrid banking. The team is highly active in both regional and multi-jurisdictional transactions, and offer high-value ‘commercial and project finance expertise’. Binti Shah leads the team, and is lauded as a ‘powerhouse in Banking and Finance Agreements’. Miriam Tatu was recently promoted to senior associate and often acts in developing and restructuring facilities. Walter Amoko joined the team as partner in July 2024, following Nkatha Omondi’s departure in March 2024.
Praxisleiter:
Binti Shah
Weitere Kernanwälte:
Miriam Tatu; Walter Amoko
Referenzen
‘Their commercial and project finance expertise.’
‘Binti Shah is excellent! ’
‘The Team is highly skilled in banking and finance.’
Kernmandanten
IFC
DEG
Finfund
Norfund
AATIF
Micro, Small & Medium Enterprises Bonds S.A.
Nedbank Limited
Proparco
The Rohatyn Group
BluePeak Private Capital
Development Bank of Southern Africa Limited
Highlight-Mandate
Kaplan & Stratton Advocates
Highlighted by clients for its ‘good, competent service’, Kaplan & Stratton Advocates‘s finance and banking practice is a key port of call for aviation-related financing and leasing matters, along with local and international transactions, both bilateral and syndicated, bond listings, and other legal services. Practice head Ruth Kirunga advises commercial banks and DFIs in project financing and securities. Peter Hime has over 35 years of experience in aircraft financing, while Sam Wainaina boasts a strong track record in infrastructure finance. Senior associate Eva Biegon is another highly active member of the team.
Praxisleiter:
Ruth Kirunga
Weitere Kernanwälte:
Peter Hime; Sam Wainaina; Eva Biegon
Referenzen
‘We have worked with them on financing transactions in the hotel and aviation sectors in Kenya over the past year and they have provided a good, competent service.’
‘I mostly work with Ruth Kirunga. She is good and responsive.’
Kernmandanten
IFC
Stanbic Bank Kenya
Export Import Bank of China
African Export-Import Bank
Agence Française de Développement
Nordic Aviation Capital
Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V.
Nedbank Limited
DEG
European Investment Bank
SFC Finance Limited
Highlight-Mandate
- Acted for African Development Bank in the facility to QPEA GT Menengai Ltd, the Project Company and a subsidiary of Globeleq Africa Limited, in connection with the design, construction and operation of a 35MW geothermal power plant located in the Menengai geothermal field in Nakuru Country, Kenya.
- Acted for Autochek Limited in the securitisation of its motor-vehicle sales receivables from credit sales of the vehicles to citizens in, among other jurisdictions, Kenya.
- Assisted Allen & Overy LLP with preparing new security documents to be created in favour of the various lenders, coordinated and attended to the release of all existing securities, negotiated all Kenyan law documents amongst the various lenders conscious of the individual lenders’ requirements and attended to perfection of finance documents.
MMAN Advocates
The banking, finance, and capital markets department at MMAN Advocates leverages its position as a member of the Eversheds Sutherland Africa network to advise clients on a broad spectrum of cross-border regional and international transactions, including finance leases, syndicated loans, and capital facilities, as well as regulatory queries. Judy Kabubu heads the team, and brings over 13 years of experience in banking and securitisation mandates, while founding partner Waringa Njonjo is often retained in domestic and cross-border transactions, including financings, syndications, and sell-downs. Suzanne Muthaura and Carole Ayugi are also key members of the team.
Praxisleiter:
Judy Kabubu
Weitere Kernanwälte:
Waringa Njonjo; Suzanne Muthaura; Carole Ayugi
Kernmandanten
Abelo Capital Aviation Management Limited
Textron Financial Corporation
Textron Financial Corporation
Textron Financial Corporation
Equity Bank (Kenya) Limited
Highlight-Mandate
- Acting for the lessor, Abelo Capital Aviation Management Limited, in the leasing of one Bombadier Dash 8-200 to a Kenyan operator, including reviewing conditions precedent documents and attending to the registration of the client’s interest with the Kenya Civil Aviation Authority and on the International Registry of Mobile Aircraft Assets, and issuing a legal opinion.
- Acting for Textron Financial Corporation in the financing of 2 Textron Aviation Inc. 208B aircraft to a Kenyan operator.
CMS Daly Inamdar Advocates
CMS Daly Inamdar Advocates‘s banking and finance department is praised by clients as a ‘highly knowledgeable team with a good mix of abilities’, and acts for both local and regional banks in preparing bilateral facilities, debenture of assets, depositing shares, and cross-border financial transactions. The team is chaired by Julius Wako, who has a strong track record in the conventional and project finance space, and works closely with Nishit Maru and Lillian Lofty. Stella Situma left the firm in March 2024.
Praxisleiter:
Julius Wako
Weitere Kernanwälte:
Nishit Maru; Lillian Lofty
Referenzen
‘A highly knowledgeable team with a good mix of abilities within the team.’
‘They have a wealth of knowledge in diverse practice areas.’
‘Availability of senior partners to engage with clients on legal matters.’
Kernmandanten
Diamond Trust Bank Kenya
I&M Bank Kenya
Stanbic Bank Kenya
ABSA Bank
Highlight-Mandate
- Acted for Stanbic Bank in facilitating registration of various securities on various assets registered in the name of Mombasa Cement Limited valued at USD32.8m.
- Acted for I&M Bank in facilitating registration of various securities on various assets registered in the name of Mvita Oils Limited valued at USD7.5m.
- Acted for I&M Bank to facilitate the takeover of banking facilities i.n.o Africa PVC Industries Limited from National Bank of Kenya by Stanbic Bank Kenya Limited valued at KES238m.
KO Associates
The banking practice at KO Associates fields an array of expertise in fintech, financial transactions, and regulatory queries, and notably, climate finance, with the team routinely operating in high-value renewable and clean energy project financing. The team is led jointly led by Ken Rutere and Mohamed Maulid, both boasting extensive experience in advising major regional banks. Crispine Odhiambo is the team’s expert in project financing. and frequently works alongside associate Victor Kyama.
Praxisleiter:
Ken Rutere; Mohamed Maulid
Weitere Kernanwälte:
Crispine Odhiambo; Victor Kyama
Referenzen
‘Technology, people.’
‘Happy to always serve and are very friendly.’
‘Good technology and customer service.’
Kernmandanten
Absa Kenya PLC
Equity Bank Limited
National Bank of Kenya
Mwalimu National Sacco Ltd
Stima DT Sacco
Development Bank of Kenya Ltd
Water Sector Trust Fund
Athena Advisors
Safaricom Sacco Society Ltd
Ecobank Kenya Ltd.
Nordic Aviation Capital
Kenya Commercial Bank
Highlight-Mandate
- Advising Water Sector Trust Fund’s USD45m Impact Program on financing structure, including reviewing and appraising existing financing frameworks, principles, models, and mechanisms to be in line with the funding criteria.
- Advising Growth Capital Funding (Equity and debt facilities) by BIO and FINNFUND into Kentegra Technologies limited on facilitating their expansion into new areas.
Mboya Wangong'u & Waiyaki Advocates
Mboya Wangong'u & Waiyaki Advocates‘ banking and finance team fields significant experience in capital markets-related matters, and is noted for operating in various high-value facilities, investment trusts, IPOs, funds, and the issuance of high-value bonds. Gladys Mboya co-heads the team with Godwin Wangong’u, both highly experienced in capital market transactions. Peter Waiyaki brings over 15 years of experience in private equity transactions, while CG Mbugua is a key actor in bond-related transactions. June Njoroge-Ngwele and Sylvia Kang’ethe are frequently retained for real estate and infrastructure financing. Kimani Njane is also a key member of the team.
Praxisleiter:
Gladys Mboya; Godwin Wangong’u
Weitere Kernanwälte:
Peter Waiyaki; CG Mbugua; June Njoroge-Ngwele; Kimani Njane; Sylvia Kang’ethe
Kernmandanten
The Capital Markets Authority
GuarantCo Limited
Faida Investment Bank Limited
The National Treasury of Kenya
Housing Finance Development & Investment Limited
Highlight-Mandate
- Advised the Capital Markets Authority of Kenya on the development of the recently passed Public Offers, Listings and Disclosures Regulations, 2023.
- Advised GuarantCo on setting up an Asset Backed Securities structure.
- Advised the National Treasury of Kenya on the establishment of a liquidity facility.
MMC ASAFO
The banking and finance practice at MMC ASAFO is a key port of call for matters involving bilateral and syndicated facilities, regulatory queries for local and regional banks, and debt restructuring. Isaiah Mungai Kamau heads the team, and is highly active in matters involving fintech, corporate finance, and financial transactions, and is often accompanied by Judy Guandaru.
Praxisleiter:
Isaiah Mungai Kamau
Weitere Kernanwälte:
Judy Guandaru
Kernmandanten
Absa Bank Kenya Plc
Kcb Bank Kenya Limited
Gulf African Bank Limited
The Co-Operative Bank Of Kenya Limited
Equity Bank (Kenya) Limited
Hf Group Limited
Cib Kenya Limited
Ncba Bank Kenya Plc
Consolidated Bank Of Kenya Limited
National Bank Of Kenya Limited
Victoria Commercial Bank Plc
Family Bank Of Kenya Limited
Highlight-Mandate
- Advising ABSA Bank Kenya PLC on structuring a significant financing facility for a borrower, in accordance with the principles of Islamic Sharia law through a Musharakah financing arrangement.
- Advised KCB Bank Kenya Limited on providing a trade finance facility to one of the largest agribusiness companies in Kenya.
TripleOKlaw Advocates
TripleOKlaw Advocates‘s banking and finance team advises clients from regional and foreign jurisdictions on various transactional matters, including refinancing, bilateral facilities, and debt restructurings. Brian Muindi and Renice Midar co-head the team, and they are ably assisted by Jinaro Kibet and Tom Onyango; they have an extensive track record in securities advisory, financial regulation and financing background.
Praxisleiter:
Brian Muindi; Renice Midar
Weitere Kernanwälte:
Tom Onyango; Jinaro Kibet
Kernmandanten
SBM Bank Kenya
Prime Bank Limited
Acorn Holdings Limited
Premier Credit Limited
Solution Investments Limited
ICEA LION Asset Management
Savannah Cement Limited
Muthu AH Ltd
Highlight-Mandate
- Advised SBM Bank Kenya on the refinancing of facilities worth USD15m (KES1.9bn) for CG Madison Hotel.
- Represented Prime Bank, which was taking over a USD5m loan facility from Victoria Commercial Bank on behalf of the borrowers.
- Advised KCB Bank Kenya Limited on the provision of banking facilities totalling USD1.05m (KES136m) to a medical institution.