Petroleum - eriinfo

Afreximbank Underwrites U.S..5-Billion in a U.S.-Billion Syndicated Term Loan for Dangote Petroleum Refinery and Petrochemicals Fze

Afreximbank Underwrites U.S.$2.5-Billion in a U.S.$4-Billion Syndicated Term Loan for Dangote Petroleum Refinery and Petrochemicals Fze

eriinfo.com3 weeks ago06 mins

African Export-Import Bank (Afreximbank) is pleased to announce that it has underwritten US$2.5 billion in the US$4-billion senior syndicated term loan in favour of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP). Afreximbank and Access Bank were appointed co-Mandated Lead Arrangers for the five-year facility to consolidate existing financing, optimise its capital structure and align with…

What I learned from building a petroleum company in Ghana

eriinfo.com9 months ago09 mins

William Tewiah William Tewiah is the founder and CEO of Ghana-based ZEN Petroleum, a supplier of fuel and lubricants to the country’s mining industry. In this article, first published by Africa’s Business Heroes, Tewiah shares some of the learnings from his business journey. A compelling dream or business idea means little until it’s backed by…

Africa Has Become Dumping Ground for Substandard Petroleum Products – Dangote

eriinfo.com9 months ago04 mins

Africa’s heavy dependence on fuel imports has turned the continent into a dumping ground for substandard petroleum products, Aliko Dangote, has said. The president of Dangote Industries Limited and Africa’s richest man made the remarks during an interview with journalists, where he highlighted the motivation behind building the $19 billion Dangote Refinery. He called for…