Franco-Lebanese tycoon Hayssam El Jammal Prometal secures $45 million Afreximbank loan
Afreximbank has approved a €40 million revolving facility for Prometal, the Cameroonian steel group built by Franco-Lebanese industrialist Hayssam El Jammal.
Afreximbank
Dangote turns 69 as Tinubu leads tributes, NNPC doubles crude supply and $100bn expansion plan takes shape
Aliko Dangote turned 69 on Friday as Tinubu led birthday tributes, NNPC doubled crude deliveries and a $100 billion expansion plan moved forward.
Tycoon Tony Elumelu’s Heirs Energies sits on $186 million Seplat paper gain in under two months
Heirs Energies is up about $186.6 million on paper on its Seplat stake, bought in December as Nigerian independents expand.
Nigerian businessman Nzan Ogbe's Levene Energy secures $64 million Afreximbank loan for Axxela stake
Afreximbank approved a $64 million facility for Levene Energy as founder Nzan Ogbe pushes deeper into Nigeria’s gas infrastructure.
Egyptian tycoon Hassan Allam's firm wins $250 million Afreximbank headquarters contract
Hassan Allam Construction secures a $250 million deal to build Afreximbank’s new global headquarters in Egypt’s capital.
Africa’s richest man Aliko Dangote seeks $5 billion to expand Lagos refinery
Dangote seeks $5 billion to expand Lagos refinery, aiming to double output and boost Nigeria’s energy independence.
Afreximbank backs $4 billion refinancing loan for Aliko Dangote’s refinery
The deal forms part of a broader $4 billion syndicated loan package aimed at refinancing earlier capital costs tied to the construction of the $20 billion refinery.
Afreximbank raises Oando’s loan to $375 million as President’s nephew drives expansion
This is expected to fund Oando’s plans to ramp up production to 100,000 barrels of oil and 1.5 billion cubic feet of gas per day by 2029.
Wale Tinubu's Oando lands $650 million Agip deal backed by AfrexInsure
The agreement strengthens Oando’s presence in Nigeria’s oil and gas sector and deepens its long-standing partnership with Afreximbank.
Nigerian mogul Wale Tinubu’s Oando secures $800-million deal for strategic oil assets acquisition
This strategic move is set to play a pivotal role in the acquisition of a 20-percent participating interest in the Nigerian Agip Oil Company.
Egyptian billionaire-led construction giant to invest $200 million in projects across Tanzania, Ghana, and beyond
The agreement was signed by Mohy Eldin Abdin, group CFO of Hassan Allam Group, and Kanayo Awani, executive vice president of Intra-African Trade Bank at Afreximbank.
Femi Otedola’s Geregu poised to transform Nigeria’s power industry with 1,300 MW surge
Otedola’s Geregu Power is the eighth most valuable company on the Nigerian Exchange.
Femi Otedola’s Geregu Power gains $170.1 million following Afreximbank deal
Geregu Power is a major player in Nigeria’s power sector.
Afreximbank set to buy shares in Geregu Power, Femi Otedola’s power-generating firm
Geregu is one of Nigeria’s largest power-generating enterprises.
Nigerian mogul Ben Murray-Bruce’s Silverbird seals deal to build West Africa’s largest film studio
Silverbird Group is a leading multimedia company.
Gas tycoon Julius Rone’s UTM signs design contract for Nigeria’s first floating LNG plant
Rone said the facility will be an enabler of industry expansion.