South Africa’s Nedbank Group is hoping to hire more investment bankers as it seeks to take advantage of a surge of deals in renewable energy, water and logistics in Africa’s most developed economy.
“This infrastructure opportunity — be it renewable energy, logistics and water — we think is a multiyear growth path for our investment bank,” Brown said in the interview on Monday. “Ideally, that is where we would want to deploy capital.” The program has made South Africa a top destination for green-power investments across the continent. Since its inception, officials have conducted six bidding rounds to secure new forms of power supply, securing R200 billion for the construction of renewable energy, according to researchers at the University of the Witwatersrand in Johannesburg.