AFC leads investment in Dangote Refinery’s $2.5bn private placement
5 billion in new equity and represents the refinery’s first capital raise involving external investors beyond its existing shareholder base.
READ ALSO: Africa Finance Corporation secures US$100 million facility to accelerate Africa’s infrastructure development He said the capital would complement DPRP’s internal cash flows and external debt as the company advances its expansion plans.‘Long-term partnership’ Speaking on the deal, Samaila Zubairu, president and chief executive officer of AFC, said the corporation’s participation reflected its continued confidence in DPRP as a major industrial asset in Africa.
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