Afreximbank announces $600 million to boost imports of petroleum products

(Ecofin Agency) – The African Export-Import Bank (Afreximbank) has announced that it will inject $600 million over 24 months into the Guinean oil sector, in order to strengthen the import of its products. The information comes from a press release from the Guinean Ministry of Economy, Finance and Planning, published on Saturday July 23.

« We will implement a 24-month $600 million strategic import program to supply the local market with petroleum products “, says the information note, quoting René Awambeng, client relationship director at Afreximbank, after a meeting between the Minister of Economy, Dr. Lanciné Condé and players in the oil sector.