News
11 November 2025

Afreximbank agrees $1.3bn loan for Angolan fertiliser plant

In:
Oil & gas
Region:
Middle East & Africa

Afreximbank has approved a $1.3 billion loan to support the construction of a fertiliser plant in Angola. Afreximbank was appointed lead arranger for the project last year.The $2 billion ammonia and urea facility, a joint venture between state-owned Sonagas and the OPAIA Group, aims to reduce...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
11 May 2026

Creative offtakes to drive Europe's BESS boom

A combination of cheaper input costs, a benevolent policy environment and plentiful equity is driving a surge in battery storage financings in Europe. But sponsors have had to...

Perspective
15 May 2026

Jabiru-1: Sky high disputes for satellite project finance

The financial fallout from NewSat's failed Jabiru-1 satellite project financing could be stratospheric. Investors are claiming $1 billion or more in damages from banks in an...