SNBG secures Central African Bank loan for new plant
26 January 2012SNBG has secured a CFA8bn (US$15.8m) loan from the Central African Bank to help fund a new wood-processing facility in Gabon, according to news agency Bloomberg.
The company will also receive a CFA1bn loan from Ecobank Transnational Inc’s Gabonese unit. The new plant, which includes three production lines, will cost an estimated CFA64.9bn.
