Chinese bank’s $629m changing the face of Lekki Seaport scheme—Sanwo-Olu
Reference to the vote of $629 million made by China Development Bank (CDB) on the Lekki Seaport project, the Lagos State Government has averred that the milestone will change the narrative of infrastructural financing in Nigeria and the state in…
After intent deal with CDB, UBA inks another with AFD to grow SMEs in Africa
Barely three weeks after Africa’s global bank, United Bank for Africa (UBA) Plc, and China Development Bank (CDB), the world’s largest development finance institution, sealed a $100 million seven-year letter of intent agreement, it has again, entered into another deal…
Why UBA sealed 7 year $100m financing deal with China Development Bank
More details have emerged on why Africa’s global bank, United Bank for Africa (UBA) Plc, and China Development Bank (CDB), the world’s largest development finance institution, sealed a $100 million seven-year letter of intent agreement. A credible source at the bank…
Time to rethink numerous Chinese banks’ infrastructure funding in Nigeria —BHIU
Investigations by Business Hilights Intelligence Unit (BHIU), the research arm of Business Hilights publications group, have shown that since the creation of Nigeria, the current administration remains the highest in sourcing infrastructure funding from China. However, the question remains what…
S/Africa’s Eskom seals $1.5bn loan deal with China Development Bank
More African nations are still running to China for infrastructure development funding without watching their back to see the after effect which include massive abuse of expatriate quotas and working without permits. Nigeria, Ghana and other sub Saharan economies has…
