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African petrochemical news

 

Afreximbank underwrites loan for Dangote

African Export-Import Bank (Afreximbank) has announced that it has underwritten US$2.5 billion in the US$4-billion senior syndicated term loan in favour of Dangote Petroleum Refinery and Petrochemicals FZE.

 
 

Dangote and XCMG partner for industrial collaboration

Dangote Industries Ltd has entered into a strategic cooperation agreement with XCMG Construction Machinery Co. Ltd in a move aimed at strengthening infrastructure delivery, industrial capacity, and green project development across Africa.

 
 

CZPC receives investment licence for Zambia oil refinery

The Zambia Development Agency has handed over the investment licence to China Zambia Petrochemical Corp. for the development of a US$1.1 billion crude-oil refinery and integrated energy complex in Ndola, Zambia.