Nigeria
AfDB grants Tony Elumelu financing of $175 million

United Bank for Africa owner Tony Elumelu in 2019.
United Bank for Africa owner Tony Elumelu in 2019. © Vincent Isore/IP3 Press/MaxPPP
The pan-African bank has granted United Bank for Africa, one of the largest in Nigeria, a strategic loan with a view to boosting the private sector, and the construction industry in particular. [...]
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