Trade and investment between Africa and
The bilateral trade between
Both economies offer tremendous growth potential given their large consumer base. The MoU signed between RMB and JM Financial will enable corporates at both destinations to explore and leverage opportunities in the economies of
According to the MoU, JM Financial and RMB will jointly provide M&A advisory services to:
- Indian clients seeking to make investments into entities or transactions in Africa; and
- South African and African clients seeking to make investments in entities or transactions in
Nxasana commented: "A partnership between RMB and JM Financial will unlock significant value for both parties by leveraging their individual expertise and sharing distinctive local market knowledge for the benefit of clients and shareholders."
In addition RMB's parent, FirstRand, is one of the largest financial services groups in Africa, and will provide JM Financial with opportunities to enhance its service to its domestic customers seeking to do business in
FirstRand also brings significant balance sheet capability to support future investment flows in the Indo-African corridor.
"This co-operation represents a significant step in furthering both RMB's and the Group's strategy to grow in the Indo-Africa corridor."
Kampani said: "In recent years, several Indian companies have shown interest in
"JM Financial's strong advisory and execution capabilities along with RMB's market knowledge and expertise will enable both parties to provide its clients with valuable advice and service. We are delighted to partner with RMB and FirstRand."