fbpx

Africa Finance Corporation Makes $100M Investment In Chad Oil Firm

Africa Finance Corporation Makes $100M Investment In Chad Oil Firm

From CNBC Africa

Africa Finance Corporation (AFC) has made an investment of $100 million into Chad’s SHT.

Andrew Alli, chief executive officer of the Africa Finance Corporation (AFC) told CNBC Africa that, GLENCORE was helping to facilitate part of the acquisition of oil fields in Chad by SHT, a Chadian government oil company following Chevron’s exit.

“We are a strong supporter of indigenisation of natural resources assets across Africa, for that reason we have supported the divestment of oil and gas assets in Nigeria,” Alli said.

 

Written by Trust Matsilele/Read more at CNBC Africa