Nigerian billionaire Aliko Dangote will break ground on his Kenyan refinery on Sept. 30
Construction of the $17 billion East Africa Refinery at Lamu starts Sept. 30, while Dangote Cement has ruled out a Kenyan plant over limestone.
Africa Finance Corporation
Africa Finance Corporation takes equity in Aliko Dangote's refinery after recovering its $300 million loan
Africa Finance Corporation has taken equity in Aliko Dangote's oil refinery through its $2.5 billion placement, months after the refinery repaid a $300 million loan.
Mining tycoon Segun Lawson, Nigerian partners see gold stakes climb after $77 million second quarter
Segun Lawson and two Nigerian partners hold close to $60 million in Thor Explorations after the miner posted a $77.3 million second quarter from Segilola.
Africa Finance Corporation lends Dangote Group $600 million to triple its fertiliser production capacity
Africa Finance Corporation has signed a $600 million loan with Dangote Group to triple fertiliser production capacity in Nigeria and build a new plant in Ethiopia.
Samaila Zubairu just raised $2 billion for Africa's infrastructure and half the room was Asian banks
Samaila Zubairu's Africa Finance Corporation has closed a $2 billion syndicated loan, its largest ever, with Asian and European banks each accounting for 35% of participating lenders, reflecting deepening global interest in African infrastructure.
Abdul Samad Rabiu Urges Africa to Shift From Extraction to Industrial Processing
BUA founder Abdul Samad Rabiu has called on African governments and financiers to move from raw exports to large scale industrial processing.