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Saturday, 04 February 2012

AfDB into Guinea Alumina

The AfDB is supporting the US$6.3bn Guinea Alumina bauxite mine and alumina refinery project with a US$450m financing package. As well as a US$200m direct loan, the bank will syndicate a US$100m B-loan to commercial banks, and source US$150m in parallel co-financing from other DFIs through the newly created African Financing Partnership (AFP).

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