The Boards of the African Development Bank (AfDB) on Wednesday, December 4 approved a cumulative US $4.89 billion (UA 3.188 billion) for the 2014 Borrowing Program of the AfDB Group, which includes US $199.58 million (UA 130 million) for possible draw down under the loan component of the Enhanced Private Sector Assistance (EPSA) Initiative for Africa.
PROPARCO and Ecobank Transnational Incorporated (ETI), the holding company of Ecobank Group, today announced the signing of a USD 50m loan agreement with a 10-year maturity.
Trafigura, one of the world’s largest commodities trading firm, has raised $500 million from the sale of a 10% stake in its African unit Puma Energy, the company said in a prospectus.
Starwood Hotels & Resorts Worldwide, Inc. continues to strengthen its position as a leading global hotel operator in Africa with the signing of three new Sheraton hotels, marking the entrance of the company into Mauritania, Guinea and South Sudan by 2017.
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