Aiteo Eastern E&P settled disputes with Africa Finance Corporation, Shell Western Supply and Trading, and eleven commercial banks over OML 29 loan facilities worth over $1.9 billion. The settlement resolves a long-running lending dispute tied to the oil asset.
Africa Finance Corporation and Munich Re have signed a $1 billion risk-sharing programme covering AFC's trade finance lending to African banks. The first phase covers 38 financial institutions in 11 African countries.
