Three Nigerian companies, MRS Oil & Gas, Woodhall Capital Limited and Ganic Foods Limited have been granted about $200 million in finance facilities by Afreximbank to boost their businesses.
The forum, which was aimed at integrating the Caribbean into African trade, had two Partnership Agreements, 12 Memoranda of Understanding and four financing facilities signed. The US$150 million deal is a Revolving Import Finance Facility for the company’s importation of refined products, the exportation of crude oil as well as crude oil and refined products swaps and pre-delivery of petroleum against crude allocations.
Woodhall Capital Limited’s deal is a US$10 million LC Issuance Facility Term Sheet signed by its Managing Director, Ms. Moji Hunponu-Wusu, and AFREXIM’s Global Head of Client Relations, Mr. Rene Awambeng.