Africa Loans
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Nigeria's Oando Energy has signed loans to part-finance its $1.63bn acquisition of ConocoPhillips' upstream oil and gas business in Nigeria.
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The Islamic Development Bank (IsDB) has signed an Mr1.8bn ($220m) financing facility with Morocco for drinking water supply projects in Agadir and Chtouka Ait Baha, and the olive sector for small farmers. -
The Islamic Development Bank (IsDB) and Senegal have signed facilities totalling $144m for the financing of three social projects in the west African country.
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Egypt Electricity Holding Co (EEHC) is set to sign two dollar financing agreements with two multilateral organisations totalling $783m to build and develop power stations.
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The Islamic Development Bank has agreed to two financing arrangements with Burkina Faso for a total of $121m.
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The Islamic Development Bank has agreed $170.6m of financing for Cote d’Ivoire to fund development projects.
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Three Egyptian banks are set to sign an Islamic financing facility for the Eastern Sugar Company worth E£1.5bn ($217m).
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The Islamic Development Bank (IsDB) has signed a set of loan agreements worth $747m to fund development projects in several member countries and to Muslim communities in non-member countries.
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Three Egyptian banks are set to complete Egypt’s largest Shariah-compliant financing facility to the Egyptian Steel Company for E£1.7bn ($243m).
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The Islamic Development Bank has approved a financing agreement for an agricultural project in Mali worth $23.7m.
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Nigeria’s government is seeking a $450m loan from the Islamic Development Bank to expand a power transmission system which it said will generate up to 20,000 megawatts of electricity.
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The Islamic Development Bank has pledged $789.4m to finance projects in eleven of its member countries as well as education for Muslim communities in three others.
