Pan-African multilateral trade finance institution the Africa Export-Import Bank (Afreximbank) has approved a R28-million project preparation facility for titainum dioxide pigment manufacturer Nyanza Light Metals, which is based in the Richards Bay Industrial Development Zone (RBIDZ). Afreximbank has also been appointed the mandated lead arranger (MLA) to arrange the R4.5-billion needed for the construction of Nyanza's operations at the RBIDZ.
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