Dangote signs $650 million Afreximbank loan

Aliko Dangote, Africa’s richest man has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank). The loan facility signed on Saturday is meant to fund Dangote’s oil refinery project in Nigeria, Reuters reports. The bank also signed a $750 million facility with Nigeria’s development bank, the Bank of Industry. Afreximbank is Africa’s trade … Continue reading Dangote signs $650 million Afreximbank loan