Financing of large scale projects or infrastructure requires substantial funding to the extent that a bank or a financial institution is often not prepared or does not have the capacity to fund the project or infrastructure solely.
Tatenda C. Dumba is a Partner in the Corporate & Commercial Division of Minchin & Kelly (Botswana) with over a decade of experience in the corporate and commercial field. She specialises in project finance and loan syndication transactions, debt and equity capital market transactions, mergers and acquisitions, privatizations, mining, insolvency, competition, securitizations and employment law.
Tatenda has a wide range of clients which include, but are not limited to, banking and non-banking institutions, multi-lateral financial institutions, international financial organizations, listed companies and mining companies. Tatenda was instrumental in listing three companies on the Botswana Stock Exchange in her early career. In addition to that, Tatenda regularly advises listed companies and drafts circulars on their behalf as a condition to concluding various transactions. She has further assisted listed companies in establishing note programmes.
Currently, Tatenda has developed an interest in Private Public Partnerships, an area that Botswana is developing at a fast pace, and is working with an international law firm in developing her skills in order to become an expert in this field.
Experience has included advising:
- Botswana Oil Limited (national oil company of Botswana) in expanding Tshele Hills, the national fuel storage facility through a PPP arrangement;
- Botswana Oil Limited in establishing a Coal to Liquid Industry Project through a PPP arrangement;
- Sandfire Limited Resource, on a USD 160 million facility to develop a copper mine.
- FMO, a Dutch Development Bank in respect of a USD 15 million subordinated tier ll loan facility to Access Bank Botswana;
- Rand Merchant Bank Botswana on a BWP270 million loan facility for the extension of the Airport Junction Mall in Gaborone;
- Stanbic Bank Botswana in respect of a BWP150 million loan facility to Botswana Housing Corporation Limited;
- Rand Merchant Bank Botswana in respect of a BWP85 million refinancing transaction with PrimeTime Property Holding Limited, listed company as the Borrower;
- MOD Resources Limited in the restructuring of the MOD Group and acquisition of shares from Metal Tiger Plc in respect of Tshukudu Metals Botswana and mining advice;
- African Export Import Bank in respect of USD27 million loan facility for ECT Holdings;
- Stanbic Bank Botswana in respect of a BWP200 million loan facility to Orange Botswana (Proprietary) Limited;
- Letlole la Rona Limited, a listed company in respect of the disposal of four commercial hotel properties to another listed company, Cresta Marakanelo Limited;
- Finnfund, a multi-lateral financial institution in respect of a USD5 million loan facility guarantee arrangement with Letshego Holdings Limited; and
- Mineral Development Corporation Botswana in respect of restructuring a BWP0.7 billion loan facility with Morupule.
- Attorney admitted to the High Court of Botswana (2009)
- Notary admitted (2010)
- Conveyancer & Notary (2010)
- Rhodes University South Africa, LL.B. (cum laude) (2006)
- University of Cape Town South Africa, LL.M. (2010)
- Ranked as Up & Coming in Chambers & Partners Global (2022)
- May 2019 to date, Partner, Minchin & Kelly (Botswana), DLA Piper Africa in Botswana;
- Nov 2017 to May 2019, Senior Associate, Minchin & Kelly (Botswana), DLA Piper Africa in Botswana;
- July 2009 to Oct 2017, Senior Associate, Armstrongs Attorneys.
- Law Society of Botswana
Banking financial service laws in Botswana are proposed to be amended to comply with the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) mutual evaluation to Botswana.
Recently the Bank of Botswana (“BOB”) affirmed a position in respect of the basis upon which financial institutions licensed to provide advances, loans and credits can increase cost in terms of a concluded and operative agreement.