-African Export-Import Bank (Afreximbank) has approved a $200 million corporate finance facility to support BUA Industries Limited’s growth.
-The initial $150 million tranche was disbursed on October 16, 2024.
-BUA Chairman Abdul Samad Rabiu emphasized that the funding will help strengthen Nigeria’s manufacturing and infrastructure sectors, advancing self-sufficiency and Africa’s trade presence.
-Afreximbank’s Executive VP Kanayo Awani highlighted that the partnership aims to create jobs, enhance export capacity, and support Nigeria’s GDP through industrial expansion.
-The partnership will support job creation, import substitution, and export diversification, contributing to Nigeria’s economic resilience and industrial growth.
Peoplesmind
