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Oil and gas investor Afreximbank earmarks $3 bln to support locally-refined products

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The African Export–Import Bank (Afreximbank), a key investor in oil and gas projects, has earmarked $3 billion to finance the purchase of refined products within Africa as part of broader plans to boost refining capacity, a senior executive said. Africa exports around 80% of its crude oil, and 45% of the natural gas it produces, ...

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