Nigeria, Aug. 4 -- The African Export-Import Bank (Afreximbank) has announced the successful signing of a US$1.35 billion facility for Dangote Industries Limited (DIL), leading a US$4 billion syndicated refinancing deal for the construction of the Dangote Petroleum Refinery and Petrochemicals Complex.

The landmark transaction, one of the largest syndicated facilities in Africa's recent financial history, aims to refinance capital invested in building the 650,000-barrel-per-day single-train refinery-currently the largest of its kind globally.

The financing also supports early operational expenditures and strengthens Dangote's balance sheet for continued industrial growth.

As Mandated Lead Arranger, Afreximbank contributed the largest sh...