Nigerian BUA Industries secures $200M loan from Afreximbank for expansion, boosting manufacturing and infrastructure.

Nigerian conglomerate BUA Industries secured a $200 million loan from Afreximbank to support its expansion plans, with $150 million disbursed on October 16, 2024. The funds aim to boost Nigeria's manufacturing and infrastructure sectors, enhancing industrial capacity and contributing to job creation and economic growth. The loan aligns with Afreximbank's strategy to promote regional economic integration and export diversification.

November 11, 2024
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