NIB, Afreximbank seal €100m loan deal (The Sun)

NIB, Afreximbank seal €100m loan deal (The Sun)

A new opportunity to tackle the infrastructure deficit in Africa has opened as the Nordic Investment Bank (NIB) and the African Export-Import Bank (Afreximbank) have signed a 10-year loan programme of EUR 100 million to finance various infrastructure projects in various nations on the continent.

The EUR 100 million made available to Afreximbank under the joint facility will be used for financing eligible investments, which mainly include projects within infrastructure, such as energy, telecom, industrial parks and special economic zones, roads, railways and harbours.

Further, the loan programme will allow NIB to support export projects that include service and equipment deliveries from the Nordic and Baltic countries.

 

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