Africa’s richest man signs $650 mln Afreximbank loan for oil refinery

By Chijioke Ohuocha ABUJA, July 14 : Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria. The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing. Cairo-based Africa’s trade […]