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  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
  • Notice: Trying to access array offset on value of type int in element_children() (line 6595 of /home3/alkhabar/public_html/includes/common.inc).
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Africa's richest man Dangote signs $650 mln Afreximbank loan for oil refinery project

Founder and Chief Executive of the Dangote Group Aliko Dangote gestures during an interview with Reuters in his office in Lagos, Nigeria, June 13, 2012. PHOTO BY REUTERS/Akintunde Akinleye
Founder and Chief Executive of the Dangote Group Aliko Dangote gestures during an interview with Reuters in his office in Lagos, Nigeria, June 13, 2012. PHOTO BY REUTERS/Akintunde Akinleye
14/07/2018

ABUJA (Reuters) - Africa's richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria.

Africa's trade bank, based in Egypt, also signed a $750 million facility with Nigeria's development bank, the Bank of Industry.

Reuters witnessed the signing of both loans on Saturday.

 

(Reporting by Chijioke Ohuocha; Editing by Mark Potter)

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