Burundi – Example transactions

(please note that this is not an exhaustive list – please contact us for more details)

Agriculture microfinance lending (Kenya, Rwanda, Burundi and Tanzania):
Represented a DFI in providing a credit facility to a non-profit African fund providing microfinance loans to subsistence and small-holder farmers in Kenya, Rwanda, Burundi and Tanzania.

Telecoms Dispute (Burundi):
Advised the proposed purchaser of a Burundi telecoms company in relation to a contractual dispute regarding the acquisition purchase contracts and proposed equity and Lender financing.

Case Study

Solar PV Plant (Burundi) [2019]

Trinity advised the project company, Gigawatt Global Burundi SA, with respect to a 7.5MW solar PV plant in Mubuga, Burundi, the first grid-connected solar development by an independent power producer in Burundi.

Funding was provided by way of development capital and a construction bridge loan from the Renewable Energy Performance Platform (REPP), a matching construction bridge loan and equity investment from Evolution II Fund, managed by Inspired Evolution Investment Management and further equity funding by the project developer and co-sponsor, Gigawatt Global Coöperatief.

Upon or after the project’s commercial operations date, part of REPP’s construction bridge loan will be refinanced as a 10-year subordinated loan

The plant will add nearly 15% to the generation capacity of Burundi’s grid using clean energy and, it is estimated, will be able to supply the electricity needs of around 87,600 people and businesses. It is also hoped the success of the project will pave the way for further foreign investment into the country’s renewable energy sector by demonstrating the government’s increased capacity – and willingness – to enter into bankable power purchase arrangements.

The project will also benefit from a letter of credit issued under the Regional Liquidity Support Facility (RLSF), an innovative offtaker  payment risk solution developed by the African Trade Insurance Agency (ATI) and the German development bank (KfW) designed to support small and mid-scale renewable energy projects.  Trinity advised ATI and KfW in respect of the structuring of RLSF.

Deal of the year in project finance (renewables and social infrastructure) (2020)

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