The Africa Finance Corporation (AFC) said it has signed a $320 million syndicated trade finance facility with the African Export-Import Bank (Afreximbank).
The corporation said the deal was to finance the importation, processing and refining of crude oil by Societe Ivoirienne de Raffinage (SIR) - Cote d 'Ivoire. A statement from the corporation yesterday, said the deal was its first transaction in Cote d'Ivoire.
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