The African Export-Import Bank (Afreximbank) has disbursed USD 120 million financing facility to Djibouti’s Great Horn Investment Holding (GHIH) for development projects in Djibouti’s Damerjog Industrial Development Free Trade Zone. It will boost Djibouti and neighboring countries’ industrial capacity by providing infrastructure to handle liquid products in bulk. Afreximbank aims to support African companies executing infrastructure projects in Africa through deals like this. GHIH Chairman Aboubaker Hadi Omar said the deal with Afreximbank will help position Djibouti as a commercial and logistics hub. Recently the Afrexim Bank has begun to become involved in East Africa beyond its previous emphasis on western and northern Africa.

Source: Ethiopian News July 19, 2023 08:44 UTC