US financier, SBSA plans $300m African power, infrastructure facility

US financier, SBSA plans $300m African power, infrastructure facility

In a fresh move to stimulate power and infrastructure projects in Africa, Standard Bank of South Africa (SBSA), US overseas development financier Overseas Private Investment Corporation (OPIC) and diversified community-based financial services company Wells Fargo Bank have announced a $300-million facility package. The 12-year funding line for SBSA, the largest African banking group by assets,…

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