How Afreximbank’s $50m rescued Aba Power — Nnaji

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Afreximbank provided a $50 million facility to Geometric Power after a seven-year delay, helping make Aba Power operational, according to Geometric Power managing director Agatha Nnaji. The funding highlights the role of financing in developing Nigeria's power sector.

By Emma Ujah, Abuja Bureau Chief The decision of the African Export-Import Bank (Afreximbank) to provide a $50 million facility to Geometric Power Limited after a seven-year delay was what made Aba Power a reality today. The Group Managing Director (GMD) of Geometric Power, Mrs. Agatha Nnaji, disclosed this during an interview with journalists who […] The post How Afreximbank’s $50m rescued Aba Power — Nnaji appeared first on Vanguard News.