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Dangote Group Signs $2bn Chinese Bank Loan To Establish Two New Cement Plants In Nigeria
Dangote Group signed a deal on Tuesday for a $2 billion loan from the Industrial Commercial Bank of China Ltd for two cement plants, he told Reuters.
“The interest rate is okay, quite favorable with me,” Aliko Dangote said, without elaborating.
“It’s for my two cement companies that we are establishing in Nigeria.”
The deal included China Export & Credit Insurance Corporation.
Details soon…..
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