Egypt: AFC to invest in petrochems
Issue 342
- 16 Mar 2017
| 1 minute read
Lagos-based development finance institution Africa Finance Corporation (AFC) has announced an agreement to invest $25m in Egyptian petrochemicals company Carbon Holdings, which operates in the Suez Special Economic Zone. The International Finance Corporation and Abu Dhabi-based Gulf Capital are also providing financing to support the expansion of Carbon Holdings’ operations.
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