Agribusiness
How Ferrostaal is structuring its €340m equipment and fertiliser deal in West Africa

How Ferrostaal is structuring its €340m equipment and fertiliser deal in West Africa

The German industrial services giant has closed a first tranche with the ECOWAS Bank for Investment and Development (EBID) and AKA-Bank.

Someone shares this article with you
            ▪ How Ferrostaal is structuring its €340m equipment and fertiliser deal in West Africa

▪ The German industrial services giant has closed a first tranche with the ECOWAS Bank for Investment and Development (EBID) and AKA-Bank.

http://www.jeuneafriquebusinessplus.com/en/806202/how-ferrostaal-plans-to-structure-its-e340m-west-african-fertiliser-deal/

26/11/2020 at 11h50, by Jeune Afrique Business+

Ferrostaal has in fact already agreed to grant €95m in favour of members of WAFA (West African Fertilizer Association), a group of fertiliser producers in West Africa brought together by ECOWAS. According to information gathered by Jeune Afrique Business+, this agreement covers an initial 10-year financing of €45m for capital expenditure and a second one-year revolving credit of €50m for annual fertiliser supplies. The purchases are to be made in Europe, mostly from German suppliers.

To read the article and discover your subscription benefits

You are connected to your Jeune Afrique account but your Jeune Afrique Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Agribusiness

13/11/2020 at 21h58, by Jeune Afrique Business+

Seydou Nantoumé’s Toguna and Ibrahima Doucouré’s DPA face lack of fertiliser orders from CMDT

The owners of the two Malian businesses – key players in the country’s fertiliser industry– are heavily...

Agribusiness

13/01/2020 at 15h36, by Aurélie Benoit

With the backing of Afreximbank, Notore is pushing full steam ahead of rivals Dangote and Indorama on the Nigerian fertilizers market

Businessman Onajite Okoloko’s company will restart production at its plant at full capacity to get back...

Industry

07/11/2019 at 18h43, by Gaëlle Arenson

Dangote Industries Ltd to produce phosphate fertilizers with Togo ($2 billion)

The Nigerian billionaire is also planning to set up a $60 million cement plant in Togo.

Any questions ? contact us

Please get in touch with the Jeune Afrique Business+ team if you require any further information.

Email us : abonnements@jeuneafriquebusinessplus.com

Add JAB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add JAB+ on the home screen.

3. Enter the name of the shortcut and confirm.