Afreximbank signs facility for Veenocks porcelain tile plant in Nigeria

Afreximbank signed a project preparation facility agreement with Veenocks Limited to finance the development of a porcelain tile manufacturing plant in Sagamu, Ogun State, Nigeria. The plant will have an annual capacity of 6.6 million square metres and an estimated investment cost of US$117 million.

“With this collaboration, Veenocks is poised to make a meaningful impact in the industry, fostering economic growth and creating opportunities for communities across Africa”afreximbank.africa-newsroom.com

• 1 source
• afreximbank.africa-newsroom.comAfreximbank / Press release | Afreximbank signs project preparation facility agreement to support development of Veenocks porcelain tiles plant in NigeriaAPO Group, AfreximbankAug 15, 2024

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