African Export-Import Bank (Afreximbank) has approved a US$200 million Corporate Finance Facility in favour of BUA Group (BUA) to support its expansion plans.
The financing, approved by Afreximbank in two tranches, supports BUA’s medium-term objectives by unlocking capital to pursue emerging market opportunities. The first tranche of US$150 million has been disbursed, enabling BUA to accelerate growth initiatives across its diverse portfolio, which includes sugar and cement production, flour milling, oil processing, real estate development, oil and gas, shipping and ports.
The continent’s leading infrastructure solutions provider, Africa Finance Corporation (AFC), facilitated the US$200 million corporate finance facility for the BUA Group. The facility marks the second successful financial advisory mandate that AFC has closed for the BUA.
Investment banking and advisory firm PanAfrican Capital Holdings Limited, and leading law firms including A&O Shearman, Olaniwun Ajayi, and G. Elias, participated in the transaction.
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