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v39 Oct 17
simmons-simmons.comelexica.com@SimmonsLLP
Africa
Our
dep
th o
f ex
perie
nce
Sim
mo
ns
& S
imm
on
s h
as b
ee
n o
pe
rati
ng
in A
fric
a fo
r o
ver
20
ye
ars
and
has
act
ed
on
mat
ters
in a
ll o
f th
e 5
4 A
fric
an n
atio
ns.
W
e a
dvi
se o
n a
hu
ge
var
iety
of
pro
ject
s, in
clu
din
g m
inin
g a
nd
n
atu
ral r
eso
urc
es,
en
erg
y an
d in
fras
tru
ctu
re p
roje
cts,
te
leco
ms
and
co
rpo
rate
de
als,
as
we
ll as
fin
ance
an
d p
roje
ct f
inan
ce
tran
sact
ion
s an
d d
isp
ute
s.
We
hav
e a
n a
llian
ce f
or
Afr
ica
wo
rk w
ith
inte
rnat
ion
al f
irm
Fas
ken
M
arti
ne
au, w
hic
h h
as a
n o
ffic
e in
Jo
han
ne
sbu
rg. I
n a
dd
itio
n, w
e
hav
e s
ign
ed
no
n-e
xclu
sive
alli
ance
ag
ree
me
nts
wit
h K
amp
ala
Ass
oci
ate
d A
dvo
cate
s (K
AA
) in
Ug
and
a, K
SK
So
cié
té d
’Avo
cats
(K
SK
) in
Cô
te d
’Ivo
ire
, an
d M
C&
A in
Mo
zam
biq
ue
, An
go
la, C
ape
Ve
rde
, Gu
ine
a B
issa
u a
nd
Sao
To
me
& P
rin
cip
e. T
his
giv
es
us
a fo
otp
rin
t in
eig
ht
juri
sdic
tio
ns
in A
fric
a an
d a
str
on
g b
oo
st t
o o
ur
off
eri
ng
on
th
e c
on
tin
en
t.
Our
reac
hO
ur
team
fro
m o
ur
inte
rnat
ion
al o
ffic
es
in E
uro
pe
, th
e M
idd
le
Eas
t an
d A
sia
has
th
e s
kills
an
d r
eso
urc
es
to a
dvi
se o
n a
ny
tran
sact
ion
, no
mat
ter
ho
w c
hal
len
gin
g o
r u
nu
sual
, in
an
y ju
risd
icti
on
. We
ad
vise
clie
nts
fro
m a
ll p
arts
of
the
wo
rld
on
E
ng
lish
, Fre
nch
an
d O
HA
DA
law
, as
we
ll as
on
a n
um
be
r o
f lo
cal
law
issu
es.
We
hav
e a
lso
fo
rme
d s
tro
ng
re
lati
on
ship
s w
ith
loca
l co
un
sel
thro
ug
ho
ut
Afr
ica
to e
nab
le u
s to
co
mb
ine
ou
r e
xpe
rtis
e w
ith
lo
cal l
aw a
dvi
ce, a
nd
so
to
de
live
r an
eff
icie
nt
and
co
mp
reh
en
sive
se
rvic
e.
A g
enui
ne u
nder
stan
ding
of
Afr
ica
Ou
r e
xpe
rie
nce
allo
ws
us
to o
ffe
r o
ur
clie
nts
an
in-d
ep
th
un
de
rsta
nd
ing
of
loca
l an
d r
eg
ion
al is
sue
s an
d t
o h
elp
th
em
o
verc
om
e s
pe
cifi
c ju
risd
icti
on
al c
hal
len
ge
s, a
s re
cog
nis
ed
in t
he
C
ham
be
rs G
lob
al d
ire
cto
ry w
hic
h n
ote
d t
hat
“Si
mm
ons
trul
y un
ders
tand
s th
e nu
ance
s of
the
Afr
ican
mar
kets
”.
Min
ing
& N
atur
al R
esou
rces
Reso
urce
Cap
ital
Fun
ds a
nd A
fric
a Fi
nanc
e C
orpo
rati
on in
re
lati
on
to
eq
uit
y
and
de
bt
inve
stm
en
t in
to a
maj
or
bu
lk c
om
mo
dit
y m
inin
g p
roje
ct in
We
st
Afr
ica
Orio
n Re
sour
ce P
artn
ers/
Orio
n M
ine
Fina
nce
on
its
de
bt
fin
anci
ng
arr
ang
em
en
ts r
ela
tin
g t
o O
ng
op
olo
Min
ing
Lim
ite
d
and
on
co
pp
er
off
take
arr
ang
em
en
ts f
rom
On
go
po
lo’s
Tsc
hu
di o
pe
n p
it c
op
pe
r m
ine
in N
amib
ia
Burk
ina
Faso
su
bsi
dia
ry o
f an
AIM
list
ed
com
pan
y in
an
ad
ho
c ar
bit
rati
on
ag
ain
st a
Gh
anai
an c
om
pan
y ar
isin
g o
ut
of
the
su
pp
ly o
f
mat
eri
als
for
a g
old
min
e in
clu
din
g h
igh
ly t
oxi
c
mat
eri
als
Arm
ada
Expl
orat
ion
Lim
ited
in r
ela
tio
n t
o t
he
de
velo
pm
en
t o
f co
pp
er,
zin
c an
d c
ob
alt
pro
ject
s
in G
abo
n
Firs
t Q
uant
um M
iner
als
on
min
ing
pro
ject
s
in t
he
De
mo
crat
ic R
ep
ub
lic o
f C
on
go
,
Mau
rita
nia
an
d M
ali,
incl
ud
ing
re
ne
go
tiat
ion
of
min
ing
co
ntr
acts
led
by
the
DR
C g
ove
rnm
en
t an
d
inte
rnat
ion
al a
rbit
rati
on
s
a sp
onso
r on
th
e $
2.1
bn
Am
bat
ovy
pro
ject
in M
adag
asca
r,
on
e o
f th
e la
rge
st n
icke
l an
d c
ob
alt-
min
ing
an
d p
roce
ssin
g v
en
ture
s in
th
e
wo
rld
wit
h a
n in
teg
rate
d m
ine
an
d p
ow
er
pla
nt
Cor
pora
te T
rans
acti
ons
Mai
nstr
eam
Ren
ewab
le P
ower
on
th
e c
reat
ion
of
a jo
int
ven
ture
wit
h
pan
-em
erg
ing
mar
kets
inve
sto
r A
ctis
in r
ela
tio
n t
o a
Pan
Afr
ican
re
ne
wab
le
po
we
r p
latf
orm
Mau
ritan
ian
Cop
per M
ines
SA
, a s
ub
sid
iary
of
Fir
st Q
uan
tum
Min
era
ls
(FQ
M),
on
se
vera
l asp
ect
s o
f it
s o
pe
rati
on
s in
Mau
rita
nia
Blac
k &
Vea
tch
in r
ela
tio
n t
o it
s sh
are
ho
ldin
g in
th
e f
irst
IW
PP
in A
lge
ria
and
th
e o
pe
rati
on
of
the
pro
ject
, in
clu
din
g a
dvi
ce o
n A
lge
rian
co
rpo
rate
and
fo
reig
n e
xch
ang
e la
ws
AES
on
its
corp
ora
te a
ffai
rs in
Cam
ero
on
an
d o
n a
po
ten
tial
join
t
ven
ture
in t
he
Ivo
ry C
oas
t
Site
l on
co
rpo
rate
an
d c
om
me
rcia
l tra
nsa
ctio
ns
in M
oro
cco
Bank
ing
& F
inan
cial
Mar
kets
Gov
ernm
ent
of K
enya
on
its
full
scal
e I
slam
ic f
inan
ce-r
ela
ted
reg
ula
tory
re
form
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sult
ing
in t
he
Fin
ance
Bill
20
17
, an
d t
he
dra
ftin
g o
f th
e N
airo
bi I
nte
rnat
ion
al F
inan
cial
Ce
ntr
e
(NIF
C)
Bill
Gov
ernm
ent
of K
enya
on
a U
S$
75
0m
loan
fac
ility
fro
m P
TA B
ank.
Th
is is
th
e s
eco
nd
loan
we
are
do
ing
fo
r
the
Go
vern
me
nt
Barc
lays
Cap
ital
and
Abs
a o
n it
s aw
ard
win
nin
g u
mb
rella
stru
ctu
red
exp
ort
cre
dit
fac
ility
fo
r T
ran
sne
t’s
cap
ital
exp
en
dit
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pro
gra
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xpo
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red
it f
inan
cin
g f
or
Telk
om
of
Ou
r A
fric
an
Pra
cti
ce
So
me
hig
hlig
hts
of
ou
r A
fric
an e
xpe
rie
nce
: C p pp ( a a v
Sim
mo
ns
&
Sim
mo
ns
has
wo
rke
d in
all
of
the
54
Afr
ican
Nat
ion
s
Pow
er
Abs
a, t
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Dev
elop
men
t Ba
nk o
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uthe
rn A
fric
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d t
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oth
er M
anda
ted
Lead
Arr
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re
spe
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f th
e p
roje
ct f
inan
cin
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h t
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th
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So
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Afr
ica’
s IP
P r
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erg
y p
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ram
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nsor
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roje
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th
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Krib
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Cam
ero
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ach
fin
anci
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lose
on
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once
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ted
sola
r pro
ject
in M
oro
cco
as
we
ll as
a n
um
be
r o
f o
the
r th
erm
al a
nd
ren
ew
able
po
we
r p
roje
cts
in M
oro
cco
an
d A
lge
ria
a pr
ojec
t sp
onso
r on
th
e U
S$
5.2
bn
Mm
amab
ula
co
al t
o p
ow
er
pro
ject
in B
ots
wan
a
The
Gov
ernm
ent
of S
waz
iland
on
th
e L
ow
er
Mag
ud
uza
Hyd
ro p
ow
er
pro
ject
Tele
com
s
Afr
ica
Mob
ile N
etw
orks
on
ob
tain
ing
de
bt
fin
ance
fro
m m
ult
ilate
ral b
ank
Th
e E
uro
pe
an
Inve
stm
en
t B
ank,
Eco
ban
k D
RC
an
d S
oci
ete
Ge
ne
rale
Cam
ero
on
to
fu
nd
co
nst
ruct
ion
of
rura
l
mo
bile
to
we
r n
etw
ork
s in
Cam
ero
on
an
d D
RC
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ricom
on
var
iou
s d
ata
mo
ne
tisa
tio
n p
rog
ram
me
s ar
ou
nd
th
eir
M-P
esa
mo
bile
mo
ne
y
pla
tfo
rm in
Ke
nya
Etis
alat
in c
on
ne
ctio
n w
ith
th
e d
isp
osa
l of
its
92
% s
take
in it
s su
bsi
dia
ry C
anar
, a S
ud
ane
se
tele
com
mu
nic
atio
ns
op
era
tor
in S
ud
an
MTN
Gro
up o
n t
he
sal
e a
nd
leas
eb
ack
of
mo
bile
ne
two
rk t
ow
ers
by
its
sub
sid
iari
es
in R
wan
da
and
Zam
bia
to
IH
S, f
or
wh
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th
e f
irm
wo
n “
TM
T T
eam
of
the
Ye
ar”
at t
he
20
15
Le
gal
Bu
sin
ess
Aw
ard
s
and
th
e 2
01
4 B
riti
sh L
eg
al A
war
ds
the
Zam
bia
Dev
elop
men
t A
genc
y o
n t
he
pri
vati
sati
on
of
Zam
bia
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leco
mm
un
icat
ion
s C
om
pan
y
(Zam
tel)
, th
e Z
amb
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incu
mb
en
t o
pe
rato
r
Infr
astr
uctu
re
Sout
h A
fric
a Ra
ilway
s o
n t
he
Go
vern
me
nt
pro
po
sals
an
d T
ran
sne
t o
n t
he
inco
rpo
rati
on
an
d
rest
ruct
uri
ng
of
the
var
iou
s S
po
orn
et
bu
sin
ess
div
isio
ns
on
a ra
ilway
and
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t in
fras
truc
ture
dev
elop
men
t in
Gu
ine
a an
d C
ame
roo
n
on
th
e f
inan
cin
g a
nd
mo
de
rnis
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f ai
rpor
ts in
th
e D
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Gov
ernm
ent
of t
he R
epub
lic o
f So
mal
iland
in r
esp
ect
of
a co
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ssio
n a
rran
ge
me
nt
wit
h D
P
Wo
rld
FZ
E f
or
the
gra
nt
of
a jo
int
ven
ture
co
nce
ssio
n r
ela
tin
g t
o t
he
op
era
tio
n, m
anag
em
en
t an
d
mai
nte
nan
ce o
f th
e s
ea
Port
of
Be
rbe
ra
So
uth
Afr
ica
and
th
e O
eK
B s
up
po
rte
d lo
an t
o t
he
So
uth
Afr
ican
Nat
ion
al R
oad
s A
ge
ncy
a le
adin
g S
outh
Afr
ican
ban
k o
n a
str
uct
ure
d E
CIC
bac
ked
fac
ility
for
an A
ng
ola
n b
orr
ow
er
Stan
dard
Cha
rter
ed B
ank
on
a f
acili
ty f
or
a T
anza
nia
corp
ora
te
Oil
& G
as
Gov
ernm
ent
of K
enya
, Min
istr
y of
Ene
rgy
&
Petr
oleu
m o
n t
he
co
mm
erc
ialis
atio
n o
f it
s S
ou
th
Loki
char
Bas
in o
il d
isco
very
, pav
ing
th
e w
ay f
or
the
fir
st
con
sig
nm
en
t o
f cr
ud
e o
il fr
om
th
e T
urk
ana
fie
lds
to b
e
tran
spo
rte
d t
o M
om
bas
a fo
r e
xpo
rt
as le
nder
’s c
ouns
el in
co
nn
ect
ion
wit
h t
he
pro
ject
fin
anci
ng
of
a b
ulk
liq
uid
s te
rmin
al f
or
the
imp
ort
an
d s
tora
ge
of
gas
oil,
LP
G a
nd
LNG
at
So
khn
a Po
rt, E
gyp
t
Egy
ptia
n LN
G o
n a
ll as
pe
cts
of
the
de
velo
pm
en
t an
d f
inan
cin
g o
f th
e T
rain
1 a
nd
Tra
in 2
pro
ject
s
a co
nfid
enti
al L
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n H
igh
Cou
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of
App
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gai
nst
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fie
ld in
tere
sts
(Mas
ri v
Co
nso
lidat
ed
Co
ntr
acto
rs)
“The
y se
ek t
o dr
ive
the
sim
ples
t an
d m
ost
prag
mat
ic s
olut
ions
w
hils
t re
mai
ning
cr
eati
ve.”
Ch
amb
ers
Glo
bal
20
17
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ave
se
en
a f
air
amo
un
t o
f th
em
in T
MT
in A
fric
a o
ver
the
last
year
or
so,”
ad
din
g: “
Th
ey
are
go
od
in A
fric
a fo
r
TM
T.”
Ch
amb
ers
Glo
bal
20
17
“We
ll-re
gar
de
d t
eam
ad
visi
ng
inte
rnat
ion
al c
orp
ora
te a
nd
fin
anci
al c
lien
ts o
n p
roje
cts
invo
lvin
g p
ow
er,
nat
ura
l
reso
urc
es
and
wat
er,
wit
h
par
ticu
lar
stre
ng
th in
oil
and
gas
an
d m
inin
g p
roje
cts
acro
ss
fran
cop
ho
ne
, an
glo
ph
on
e a
nd
luso
ph
on
e A
fric
a.”
Ch
amb
ers
Glo
bal
20
17
“The
y st
and
out
from
th
e cr
owd
in t
heir
proa
ctiv
enes
s.”
Ch
amb
ers
Glo
bal
20
17
“Pro
min
en
t fi
rm t
hat
dis
tin
gu
ish
es
itse
lf w
ith
its
OH
AD
A a
nd
fra
nco
ph
on
e
cap
abili
tie
s. H
as a
de
pth
of
corp
ora
te e
xpe
rtis
e
rep
rese
nti
ng
do
me
stic
an
d
inte
rnat
ion
al c
lien
ts in
th
e
TM
T, f
inan
ce, p
roje
cts
and
con
stru
ctio
n s
ect
ors
.”C
ham
be
rs G
lob
al 2
01
7
“The
y ha
ve d
edic
atio
n an
d en
thus
iasm
for t
he
mar
ket.”
C
ham
be
rs G
lob
al 2
01
7