By InvestAdvocate Lagos (INVESTADVOCATE)- Africa’s richest man, Aliko Dangote said on Tuesday Dangote Group has signed a $2 billion loan deal with the Industrial Commercial Bank of China Ltd for two (2) cement plants, according to a Reuters report. “The interest rate is okay, quite favorable with me,” Dangote […]
Tag: $2 billion
Criminal action expected for JPMorgan in Madoff case: NYT
JPMorgan Chase & Co (JPM.N) and federal authorities are nearing settlements over the bank’s relationship with convicted Ponzi schemer Bernard Madoff, striking tentative deals that would involve about $2 billion in penalties and a rare criminal action, the New York Times reported. The settlements would fault the bank for […]
Nigeria’s UBA looking to put $2 bln into African power sector
* UBA seeks to invest $2 bln in Africa power projects * Loan book growth up 14 pct in 6 months Nigeria’s United Bank for Africa (UBA) has invested $700 million this year financing power assets in Africa’s second biggest economy and is looking to put $2 billion into power […]
