Facing the Atlantic Ocean from the westernmost part of Africa's Sahel, Senegal borders Gambia, Guinea, Mali, and Mauritania. It is one of West Africa's key political and economic hubs.


  • We represented Metier, the pan-African private equity fund; and Africa REN Energy, the joint venture between Metier and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO).  Our South Africa-based corporate/M&A team is advising Metier and Africa Ren Energy on a transaction whereby they invested in Africa REN, which specialises in developing clean energy and resource-efficient infrastructure projects in Sub-Saharan Africa, making it a key player in the development of infrastructure and renewable energy resources across the African continent.  The transaction was constituted by three investments, the formation of Africa REN Energy for the purposes of acquiring certain underlying renewable energy projects (including a 25MW photovoltaic power plant in Bokhol, Senegal) (AssetCo); an investment by AssetCo into Africa REN Operations, a Senegalese company established to provide on-going construction and operation asset management services to projects (OpCo); and an investment by Metier into Société de Développement Des Energies Renouvables, a French company established to undertake project origination and development activities (DevCo). 
  • Cliffe Dekker Hofmeyr represented Public Investment Corporation.  Our South Africa-based banking & finance team advised Public Investment Corporation on its financing to Africa Finance Corporation (AFC), a multi-lateral development finance institution which specialises in financing and development on infrastructure projects across the African continent.  AFC's purpose is to provide financing solutions in efforts to address the shortfall in infrastructure projects, particularly in the power, transportation infrastructure, heavy industries, oil, gas and other natural resources and telecoms sectors.  Public Investment Corporation provided equity funding of US$100 million.  The funding is to be used to finance infrastructure and industrial projects across the African continent.  AFC's investment footprint spans 35 countries across Africa and a pipeline of projects that blend positive social and environmental impact with superior risk-adjusted returns.  AFC's A3 investment-grade from Moody's enables beneficial access to global capital markets and underscores the confidence of Africa's decision makers in AFC's role as a key institution for sustainable economic development.  This deal was complex in that the Public Investment Corporation became the first pension fund to invest in AFC without South Africa being a member state for the AFC.  This transaction will unlock a number of infrastructure projects in the African continent and create over 10,000 permanent jobs across the African continent.  
  • CDH drafted an agreement between Dubai World and the Government of Senegal regarding the development of various tourism opportunities in Senegal.

From vision to fruition.