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VFD to Raise N30 Billion Fresh Capital, Divest 75% Stake in Abbey Mortgage

June 7, 2024/VDF Group The Board and Management of VFD Group Plc wishes to inform the general and investing public of the strategic decisions made during our recent board meeting held on Thursday, May 30, 2024. These decisions reflect our ongoing commitment to sustainable growth, prudent financial management, and maximizing […]

Oando Announces Successful US$550m Participation in Project Gazelle

June 7, 2024/Oando Plc Oando PLC, Nigeria’s leading indigenous energy group, hereby wishes to notify the public that on May 17, 2024, it was party to the successful closure of a US$925m accordion arranged and coordinated by African Export-Import Bank (Afreximbank) for Project Gazelle. The accordion arrangement saw a contribution […]

Ghana’s New Ship Repair Dock Project Funding Sealed as Financiers Sign $94 MN Syndicated Loan

With this milestone, the project, nicknamed “Shiprite,” has secured the total commitment of all providers for the required $137 million in capital June 7, 2024/AfDB A consortium, including the African Development Bank, has signed an agreement to extend $94 million in senior debt funding to PMD Assetco Limited (PMD) for […]