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UK Export Finance to back £174.5m loans for construction firms in Africa

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Published on: 20 October 2022

Published by LNB News

LNB News 20/10/2022

Document Information

Issue Date: 20 October 2022

Published Date: 20 October 2022

Jurisdiction(s): United Kingdom

Article summary

The government has announced two landmark finance packages worth combined £174.5m for vital construction projects in Benin and Togo. UK Export Finance (UKEF) has guaranteed a £106.5m loan from Deutsche Bank to the Benin Government which will fund the construction of a new Ministerial City in Benin. Minister of State for International Trade James Duddridge has also announced a £68.6m UKEF-guaranteed financing from MUFG Bank to build a new road between Benin and Togo.

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