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31/03/2026
Dangote refinery secures $2.5bn loan from Afreximbank
The African Export-Import Bank (Afreximbank) says it has underwritten $2.5 billion in a $4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals (DPRP) FZE.
A syndicated term loan is a large-scale financing arrangement where a group of lenders (the syndicate) jointly provides funds to a single borrower under one loan agreement, organised by a lead bank.
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Source: The cable
"Africa is very busy paying debt and putting this again on top of us is going to add a lot of hardship on people, on the government, on everybody."
"Energy affects almost everything, you know, and it's not only energy. Some people will try and take a chance and say, this is an opportunity to make money". - Aliko Dangote speaking with journalists after his visit to President Bola Ahmed Tinubu.
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