Danakali signs $200M funding mandate

POTASH player Danakali has locked down another critical project financing milestone in its bid to develop the massive Colluli project on the Horn of Africa, with a US$200 million debt mandate signed with African development financial institutions African Export-Import Bank and Africa Finance Corporation.

Danakali signs $200M funding mandate Danakali signs $200M funding mandate Danakali signs $200M funding mandate Danakali signs $200M funding mandate Danakali signs $200M funding mandate
Under the indicative term sheet, Afreximbank and AFC have agreed to provide fully underwritten debt finance facilities for the development in Eritrea.

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