Deutsche Bank launches US$183m credit line for expansion of water supply in Keta

GHANA – Deutsche Bank, Germany’s largest bank, has just opened a €150 million (US$183.51m) credit line guaranteed by the Italian Export Credit Agency (Sace) for the implementation of two projects, including the rehabilitation and expansion of the water supply in Keta. The Ghana Water Company now has the funds for the implementation of its Keta Water Supply Rehabilitation and Expansion Project in the Volta Region. The public company is among the beneficiaries of a €150 million (US$183.51m) credit facility recently granted by Deutsche Bank for two projects: the construction of…

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Deutsche Bank eyes entry into Ethiopia

ETHIOPIA – The continuation of economic reform in Ethiopia after elections which were postponed to 2021 could open the door for Deutsche Bank, Kees Hoving, one of the bank’s new co-CEOS for Middle East and Africa told The Africa Report. “Enhanced political stability subsequent to the election may lead many international institutions including Deutsche Bank to play a more active role in the country,” said Hoving. “The country is currently facing many challenges but has significant growth potential once the privatization strategy has fully kicked off,” he added. Hoving and Loïc…

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Ghana’s parliament approves US$707m Deutsche Bank loan for Western railway lines

GHANA –Ghana’s parliament has approved a total of €598.7 million loan (US$707 million) agreement between the Government and the Deutsche Bank to finance the construction of sections of the Western railway lines. According to a report by Ghana Web the loan agreement will provide funding for the proposed construction of the Standard Gauge from Takoradi Port to Huni Valley. The loan comprises a facility agreement of €523 million (US$617.63 million) and a Commercial Loan of €75. 657 million (US$89.35 million) between the Government of Ghana and the Deutsche Bank. Additionally,…

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