Africa: Dangote Plans Nigeria-Scale Refinery in East Africa, Seeks Partnership With Ruto, Museveni

Africa: Dangote Plans Nigeria-Scale Refinery in East Africa, Seeks Partnership With Ruto, Museveni

Aliko Dangote, Africa’s richest person, yesterday pushed to expand his refining footprint beyond Nigeria, unveiling plans to build a refinery of comparable scale in East Africa in partnership with governments in the sub-region. The proposed project is expected to be completed within four years, especially if East Africa’s regional leaders cooperate, Dangote stressed, kicking against…

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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

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…

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