Nigeria’s Dangote signs Chinese Bank loan for two cement plants
14 April 2016 |
11:21 pm
Dangote Group, the company owned by Africa’s richest man Aliko Dangote, signed a deal on Tuesday for a $2 billion loan from the Industrial Commercial Bank of China Ltd for two cement plants, he told Reuters.
Aliko Dangote
Dangote Group, the company owned by Africa’s richest man Aliko Dangote, signed a deal on Tuesday for a $2 billion loan from the Industrial Commercial Bank of China Ltd for two cement plants, he told Reuters.
“The interest rate is okay, quite favorable with me,” Dangote said, without elaborating. “It’s for my two cement companies that we are establishing in Nigeria.”
The deal included China Export & Credit Insurance Corporation (Sinosure).
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1 Comments
Ride on sir…
Will really like to join your team, continue impacting our nation…
We will review and take appropriate action.