AfreximBank in talks over USD 800 mn loan for Arab Contractors, Elsewedy Electric

The African Bank for Import and Export (AfreximBank) is considering arranging and managing an USD 800 mn loan for Arab Contractors and Elsewedy Electric to build a USD 2 bn, 2.1 GW hydroelectric dam over Tanzania’s Rufiji River, according to Al Shorouk. Arab Contractors was awarded the tender for the dam last month.