PROJECT FINANCE

Credit approval for Danakali

PERTH-based Danakali’s dream of developing its Colluli potash project in Eritrea has leapt forward with Africa Finance Corporation and African Export Import Bank securing formal credit approval for a proposed US$200 million senior debt finance facility.

Credit approval for Danakali

While the facility remains subject to both final documentation and conditions precedent prior to drawdown, it includes a formal approval of export credit support from the Export Credit Insurance Corporation...

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