Deutsche Bank Closes Ghana Funding Deal Worth 184 Million Euro

Deutsche Bank closed a lending facility of 184 million euros together with the U.K. Export Finance and African Export-Import Bank to finance phase two of the Kumasi Market redevelopment project in Ghana, lender says in an emailed statement.

• Financing consists of 145 million euro loan supported by UKEF and 39 million euro commercial loan by Afreximbank
• Lender acted as sole structuring bank and mandated lead arranger for the two loans
• Market is largest in West Africa servicing Kumasi township and traders from neighboring Benin and Togo
• Since 2011, Deutsche Bank has arranged more than 3 billion euros of financing related to infrastructure development in Ghana

Source: Bloomberg