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BusinessCorporateCORPORATE TRANSACTION AND CAPITAL RAISING

April 18, 20220

During or about 2015 the Namibia Water Corporation authorized by Government set out to raise Capital.

Pursuant to the appointment of Standard Bank of Namibia as Issuer, Shikongo Law Chambers (E.N Shikongo) was appointed as the Corporate and legal advisor for the Issuer (Namwater) in relation to the transaction and in that capacity attended to overseeing all aspects in relation to:

  • General legal counsel and guidance;
  • Provision of the required lead counsel legal opinion and attendance to all pre transactional and post transactional legal requirements and attendances;
  • Attendance to all legal due diligence prerequisites of the transaction.
  • The transaction was concluded at the end of 2015 with Namwater raising an oversubscribed amount N$ 200 000 000.00 (two hundred million Namibian dollars).

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