Africa hosts an estimated US$29.5 trillion in mine-site mineral value, representing about 20% of global mineral wealth, yet captures only a fraction of the economic value embedded in this endowment, according to a new study released today by Africa Finance Corporation (AFC) (www.AfricaFC.org). Of this total, US$8.6 trillion remains undeveloped, reflecting an under-explored continent where…
Walk into any policy discussion on Nigerian manufacturing, and you’ll hear the same refrain: local producers need protection from imports. Poultry farmers want tariffs on frozen chicken. Fish processors demand import restrictions. Local refineries want tariffs on imported fuel. Textile manufacturers plead for border controls. The pattern repeats across nearly every sector of the economy….
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) recently joined a consortium of financial institutions in London to sign a landmark syndicated term loan facility for Bank of Industry (BOI) Nigeria of up to EUR 2 billion. Afreximbank, acted as one of the Initial Mandated Lead Arrangers, Bookrunner and Facility Agent. The Bank disbursed its participation amount of…
