Afreximbank Supports Nigeria’s US$81.9 Million Porcelain Tile Factory

Afreximbank-backed financing of US$81.9 million for Veenocks’ porcelain tile manufacturing facility in Sagamu, Ogun State, was reported during the week. The factory is designed for annual production capacity of 9.9 million square metres and is expected to create around 300 jobs. The project offers opportunities for industrial machinery suppliers, raw-material providers, packaging companies and logistics operators. HPC can support supplier identification, procurement planning and industrial partnerships.

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