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.
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▪ 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.
▪ https://www.africabusinessplus.com/en/806202/how-ferrostaal-plans-to-structure-its-e340m-west-african-fertiliser-deal/
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.
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