RMB Namibia commits support to aviation

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RMB Namibia commits support to aviation
RMB Namibia commits support to aviation

Africa-Press – Namibia. RMB Namibia has said it is committed to unlocking new opportunities in the Namibian aviation industry by providing innovative funding solutions.

Jason Shikaleko, the RMB Namibia head of investment banking, said this during a panel discussion at the recently concluded Namibia Aviation and Connectivity Forum held in Windhoek.

The forum, which was the first of its kind in Namibia, aims to create a platform where key industry players and stakeholders share, tackle, rethink and put into motion ideas on the trajectory that the aviation industry and its related ecosystems will take over the next few years.

It further seeks to cement the industry’s role as key to Namibia’s economic recovery and growth, as well as drive the revival of the aviation and other ancillary industries such as tourism after the effects of the Covid-19 pandemic.

“We pride ourselves in developing a globally competitive Namibia, so it is not hard to see why infrastructure development is close to our business.As a funding opportunity, we see it as a clever combination of development finance and sophisticated investment banking. We have been very busy in the aviation sector, and even after the Covid-19 pandemic, our outlook remains the same mainly because at the top of all our solutions, we apply traditional values and innovative ideas,” Shikaleko said.

He added, “What this means is that for every opportunity, whether it be infrastructure or logistics, we have the discipline of looking broadly at these investment cases so that the due diligence we do and the technical expertise we apply aren’t simply to assess if they can repay us, but to understand whether this is solving a meaningful problem out there.

“When we talk about lending to the sector, we look at what the risk parameters are. Our solutions are then designed to follow these risk avenues.

We are also very competent at drawing in other capital pools such as the Development Bank of Southern Africa and the Development Bank of Namibia, which is always important to better deliver the best funding solutions to these investment cases.”

Asked about the financing of aircraft, Shikaleko said this is an emerging opportunity locally, and that is probably where the market is heading, given the developments that are coming.

“A registry would be a good instrument to perfect collateral for Africa and something that’s in use in SA, but locally, RMB has not had any meaningful opportunity that requires us to rely on this,” he said.

Jason Shikaleko, the RMB Namibia head of investment banking, said this during a panel discussion at the recently concluded Namibia Aviation and Connectivity Forum held in Windhoek.

The forum, which was the first of its kind in Namibia, aims to create a platform where key industry players and stakeholders share, tackle, rethink and put into motion ideas on the trajectory that the aviation industry and its related ecosystems will take over the next few years.

It further seeks to cement the industry’s role as key to Namibia’s economic recovery and growth, as well as drive the revival of the aviation and other ancillary industries such as tourism after the effects of the Covid-19 pandemic.

“We pride ourselves in developing a globally competitive Namibia, so it is not hard to see why infrastructure development is close to our business.As a funding opportunity, we see it as a clever combination of development finance and sophisticated investment banking. We have been very busy in the aviation sector, and even after the Covid-19 pandemic, our outlook remains the same mainly because at the top of all our solutions, we apply traditional values and innovative ideas,” Shikaleko said.

He added, “What this means is that for every opportunity, whether it be infrastructure or logistics, we have the discipline of looking broadly at these investment cases so that the due diligence we do and the technical expertise we apply aren’t simply to assess if they can repay us, but to understand whether this is solving a meaningful problem out there.

“When we talk about lending to the sector, we look at what the risk parameters are. Our solutions are then designed to follow these risk avenues.

We are also very competent at drawing in other capital pools such as the Development Bank of Southern Africa and the Development Bank of Namibia, which is always important to better deliver the best funding solutions to these investment cases.”

Asked about the financing of aircraft, Shikaleko said this is an emerging opportunity locally, and that is probably where the market is heading, given the developments that are coming.

“A registry would be a good instrument to perfect collateral for Africa and something that’s in use in SA, but locally, RMB has not had any meaningful opportunity that requires us to rely on this,” he said.

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