Investment | AFC fuels expansion at New Age with new investment
LAGOS, Nigeria, Capital Markets in Africa: Africa Finance Corporation (AFC) has announced that it is acting as lead arranger for an up to US$425mn senior mezzanine facility for New Age (African Global Energy) Limited (New Age), a privately held oil and gas exploration, development, and production company with assets primarily across Africa, to enable the company to further develop its existing assets and expand operations. AFC is investing US$75mn in the deal. AFC and the…
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