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Afreximbank gives Orascom Investment $170m loan

Afreximbank gives Orascom Investment $170m loan
The main focus of OIH currently is investing in Africa
Orascom Investment Holding
OIH
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Cairo – Mubasher: Orascom Investment Holding (OIH) has secured $170 million in finance from the African Export-Import Bank (Afreximbank).

The facility is aimed at helping OIH expand in Africa and achieve its short-term and medium-term strategies.

The recent deal is a part of Afreximbank’s efforts to promote investments in the African Nations, the bank’s chairman Benedict Okey Oramah said.

The main focus of OIH currently is investing in Africa, the company’s chairman Naguib Sawiris commented.