Clifford Chance advises arrangers and lenders on USD1.8 billion financing for Nigeria's Kano

Clifford Chance advises arrangers and lenders on USD1.8 billion financing for Nigeria's Kano–Maradi Railway Project

"Clifford Chance advised Africa Finance Corporation and Rand Merchant Bank (a division of FirstRand Bank Limited) as global coordinators, arrangers and lenders on a USD1.8 billion financing package to support construction and development of the 374-km Kano–Maradi Railway connecting Kano (Nigeria) and Maradi (Niger)."

Clifford Chance advised Africa Finance Corporation and Rand Merchant Bank, a division of FirstRand Bank Limited, as global coordinators, the arrangers and lenders on a USD1.8 billion financing package supporting the construction and development of the Kano–Maradi Railway Project. The financing brings together development finance institutions and private sector lenders to create a diversified funding structure tailored to the project's needs. The package will support the construction of a 374-kilometre single-track standard gauge railway connecting Kano, a major commercial centre in northern Nigeria, with Maradi, a key economic hub in neighbouring Niger. The project is expected to enhance regional connectivity, improve logistics efficiency and facilitate trade between Nigeria and Niger. It will also support broader economic development across the region by improving access to Nigerian ports and strengthening key transport corridors in line with the objectives of the African Continental Free Trade Area. Clifford Chance represented Africa Finance Corporation and Rand Merchant Bank, a division of FirstRand Bank Limited, the arrangers and lenders, with a team composed by: partner Kayode Oladipo, supported by senior associates Michael Obiri-Darko and Elphina Franklin, and associates Boma George and Lindy Mguni.

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Clifford Chance advises arrangers and lenders on USD1.8 billion financing for Nigeria's Kano–Maradi Railway Project

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Clifford Chance advises arrangers and lenders on USD1.8 billion financing for Nigeria's Kano–Maradi Railway Project

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