Afreximbank approves $200m facility for Nigeria’s Shoreline Power
By UdemeAkpan, Energy Editor The African Export-import Bank (Afreximbank) has approved a $200 million financing facility for Nigeria’s Shoreline Power Company Limited to support the execution of a major oil and gas infrastructure project in Algeria, marking a significant boost for Nigerian engineering expertise and cross-border investment in Africa.“By providing the $200 million in structured financing, we are not only supporting Algeria’s national energy infrastructure development but also advancing intra-African trade in high-value engineering and construction services among Nigeria, Italy and Egypt”.
The financing, approved in June 2026, will enable Shoreline Group, through its majority-owned Italian engineering subsidiary, ArkadSpA, to execute its share of the $980 million HassiBirRekaiz (HBR) Field Development Phase 2a project in Algeria.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
