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Nigeria: Afreximbank Signs $1.1bn Loans With Dangote, Elumelu
This Day, 1 July 2017
The African Export Import (AFREXIM) Bank, has signed a memorandum ( MOU)of understanding with both the Dangote Group of Companies and Tony Elumelu's Heirs Holdings for a loan of… Read more »
Afrexim Signs Billion-Dollar Deal With Dangote
The African Export Import Bank has signed a memorandum of understanding with the Dangote Group of Companies worth $1 billion and Tony Elumelu's Heirs Holdings Foundation for a loan of $100 million - as part of the bank's bid to expand businesses in Africa through disbursement of $25 billion in the next five years. During the bank's AGM in Kigali, Rwanda, an investment of $500 million was also negotiated with Rwanda's government.
The MOU worth $1 billion represents a trail-blazing collaboration between Afreximbank President Dr Benedict Oramah and African magnate Aliko Dangote.
Video
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30 June 2017
Afreximbank Signs Several Trade MOUs With African Trade ChampionsS
- Publisher:
- VoxAfrica UK
- Publication Date:
After explaining how trade can be used as a catalyst to industrialize Africa, the participants, entrepreneurs and experts attending the Afreximbank ... see more »
InFocus
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Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, says: "There is an urgency to get the continent moving, and there is no better time than this AGM ... Read more »
