Southern Africa
Deutsche Bank Supports Angola Road Project With US$305 Million
The EN230 road project aims to improve connectivity with the capital Luanda.
Deutsche Bank has closed the financing on a US$305 million credit facility to support Angola’s ongoing EN230 road project.
The 10-year loan benefits from 95% insurance cover by the African Trade Insurance Agency (ATI). It is the first financing in Angola to benefit from a first loss cover from the ATI.
The
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