Dangote Signs 2 Billion Dollars Chinese Bank Loan
Dangote Group has secured and signed a deal for a $2 billion loan from the Industrial Commercial Bank of China Limited for two cement plants.
The Business Mogul, Aliko Dangote told Reuters after securing the deal that “the interest rate is okay, quite favorable with me”.
“It’s for my two cement companies that we are establishing in Nigeria.”
The deal included China Export & Credit Insurance Corporation (SINOSURE).
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