News & Events

Afreximbank underwrites $2.5 billion of $4 billion syndicated loan for Dangote Refinery, one of Africa’s largest industrial financing deals.

The African Export-Import Bank and Access Bank Plc led the five-year facility to refinance debt and support the 650,000 barrels-per-day refinery’s operational phase. The complex aims to cut Nigeria’s heavy fuel import reliance and boost domestic supply.

Afreximbank President George Elombi called it the bank’s largest commitment to Dangote Group, where it has invested $15 billion since 2015 to drive African industrialisation. Aliko Dangote said the deal strengthens the refinery’s financial position for future growth.

The transaction drew strong participation from African and international lenders, reflecting confidence in the refinery as a game-changer for the continent’s energy security despite Nigeria’s chronic refining capacity shortages.

Read the original article here: https://www.msn.com/en-us/money/markets/afreximbank-underwrites-2-5bn-of-4bn-loan-to-nigeria-s-dangote-oil-refinery/ar-AA1ZPgH9?ocid=BingNewsVerp

Uganda has reintroduced rhinos to Kidepo Valley National Park in a major conservation step aimed at restoring a species wiped out there by poaching.

Two southern white rhinos were moved from the Ziwa Rhino Sanctuary, followed by two more, as part of a relocation effort led by the Uganda Wildlife Authority and conservation partners. Rhinos had not lived in Kidepo since 1983.

The Ziwa program, launched in 2005, has successfully bred the species over the years, providing stock for this translocation. More rhinos are expected later this year, including some from Kenya. Poaching remains a threat across Uganda’s protected areas despite improved security, driven by Asian demand for rhino horn products that often command higher prices than gold in illegal markets.

Read the original article here: https://www.mcall.com/2026/03/20/uganda-rhinos-translocation/

The Gambia’s National Assembly has begun debating a new bill aimed at protecting personal data and modernising the country’s digital sector.

The Communications Bill 2025, introduced on Monday, March 23, would regulate electronic transactions, media and broadcasting, and strengthen cybersecurity and public trust in digital systems. It also seeks legal recognition for electronic signatures, contracts and online communications to support e-commerce and innovation.

Digital Economy Minister Lamin Jabbi told lawmakers the reforms are designed to modernise the sector, encourage investment and competition, and improve consumer protection and privacy. If passed, the bill would also set clearer rules on data use, misleading advertising and digital service standards.

Read the original article here: https://www.msn.com/en-xl/africa/top-stories/gambia-moves-to-strengthen-data-privacy-and-digital-economy-with-new-communications-bill/ar-AA1Zn5hM?ocid=BingNewsVerp