AFRICAN & MIDDLE EAST NEWS
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Fertilizer company OCP Group secures US$350m loan facility from Afreximbank
MOROCCO – African Export-Import Bank (Afreximbank), the Pan-African multilateral EXIM Bank, has signed a 7-year US$350 million Term Loan Facility to provide financing to OCP…
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Private financing sector arm Proparco issues US$25m loan to Seed Co to bolster food security
ZIMBABWE – Listed seed producing giant, Seed Co has received a US$25 million loan financing from French development financial institution Proparco, to strengthens food security…
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Cameroonian SODECOTON to build US$45.5m cottonseed oil plant, Ethiopian edible manufacturer expands facilities
CAMEROON – SODECOTON, Cameroonian state- owned enterprise in charge of managing the cotton sector, has made preparation to construct XAF25 billion (US$45.5 million) cotton seed…
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Uganda-China collaboration to revive Katwe Salt Project with US$736.5 million
UGANDA – A joint venture between Uganda’s Rwenzori Salt Industries and Chinese company Shining Star Group is seeking to invest Ush. 2.7 trillion (US$736.5 million)…
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IFC to save Egyptian farmers US$875m annually by fostering transition to solar irrigation systems
EGYPT – IFC, a member of the World Bank Group has partnered with ALEXBANK, an Egyptian private bank to provide financing to farmers to enable…