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Afreximbank provided an $81.9 million senior term loan to Veenocks Limited to expand its porcelain tile manufacturing plant in Sagamu, Ogun State, Nigeria. The expansion will increase annual production capacity from 3.3 million to 9.9 million square metres and create 300 additional direct jobs.
Afreximbank provided a $81.9 million senior loan to Veenocks Limited for the expansion of its porcelain tile manufacturing plant in Sagamu, Ogun State, Nigeria. The $145 million project will triple annual production capacity from 3.3 million to 9.9 million square meters and create 300 new direct jobs.
