Smile Telecoms: ECA-DFI lenders face wipeout as liquidation looms

In:

Telecoms and Communications

Region:

Middle East & Africa

Max Thompson

Managing Editor

South Africa’s Public Investment Corporation is threatening to derail Smile Telecoms restructuring plan, potentially pushing the ailing pan-African telecom company into immediate liquidation and wiping out ECA and DFI lenders.

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

Traders take on assets as commodity volatility fades

Perspective

04 April 2025

Traders take on assets as commodity volatility fades

Commodity traders reaped substantial profits off the back of market volatility in 2022 and 2023. With their war chests armed, they pursued a policy of diversification – across...

Atishoo: Non-bank trade finance trio catch a cold

Perspective

14 April 2025

Atishoo: Non-bank trade finance trio catch a cold

The trade finance industry has suffered a trio of ailments since the end of 2024 with the shuttering of three different non-bank lenders. While the circumstances across the...

Must See

Video

31 March 2025

Exiled: Catherine Lang Anderson, A&O

Welcome to Exiled: The Real Assets People, a podcast where we ‘strand’ a guest on a desert island and ask them who from their professional past, present, and future they’d choose to be stranded with. After all, it’s people that make a profession. Our first guest is Catherine Lang Anderson, Partner & Head of Trade & Commodity Finance Practice at A&O Shearman. Recorded live from the Royal Academy of Arts, it will be no surprise to anyone who knows Catherine that her Exile is going to be a party!

Perspective

04 April 2025

Traders take on assets as commodity volatility fades

Commodity traders reaped substantial profits off the back of market volatility in 2022 and 2023. With their war chests armed, they pursued a policy of diversification – across financing, business lines and investments.

Perspective

14 April 2025

Atishoo: Non-bank trade finance trio catch a cold

The trade finance industry has suffered a trio of ailments since the end of 2024 with the shuttering of three different non-bank lenders. While the circumstances across the three cases vary, market conditions are posing problems for lenders of all sizes. How can the community reflect on these events, and what options are borrowers left with?