….signs $16.8-million asset finance facility for a Nigerian marine services provider, Global Links Ocean Streams Ltd
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The African Export-Import Bank (Afreximbank) signed multiple landmark deals at the African Energy Week: Invest in African Energies deal-signing ceremony in Cape Town on Tuesday.Â
Among these was a $100-million revolving back-to-back letter of credit facility for oilfield equipment provider, JE Energy Ltd. The facility is designed to finance the purchase and sale of Guyana’s crude oil production to international buyers. Â
Another major deal included a $16.8-million asset finance facility for marine services provider Global Links Ocean Streams Ltd., enabling the acquisition of a product tanker for crude oil evacuation in Nigeria. The facility aims to support indigenous ownership of tankers and enhance revenue retention in Africa’s maritime sector.
A $10-million revolving trade finance facility for Dorman Long Engineering Ltd. was signed by Peter Olowononi, Head of Client Relations for Anglophone West Africa at Afreximbank, and Dr. Timi Austen-Peters, Chairman of Dorman Long Engineering.
The ceremony also featured the renewal of an exclusive partnership between the African Energy Chamber (AEC) and S&P Global Commodity Insights as Strategic and Technical Partners of AEW: Invest in African Energies. The agreement, signed by AEC Executive Chairman NJ Ayuk and Dr. Atul Arya, Senior Vice President and Chief Energy Strategist at S&P Global, reinforces their shared commitment to advancing Africa’s energy sector through meaningful dialogue and innovative solutions.
