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Handling: 90 million euros for the San Pedro Multipurpose Industrial Terminal

22/07/2022
Categories: Companies

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The San Pedro Multipurpose Industrial Terminal (TIPSP) has obtained financing of 90 million euros over 10 years from three commercial lenders

Standard Bank of South Africa Limited, Stanbic Bank S.A., Nedbank Limited London Branch, and the autonomous FirstRand Bank Limited of San Pedro are the three sources of this funding. This funding, made possible by advisors, lenders, and sponsors, should promote the viability of TIPSP. Dedicated to interconnected exports, TIPSP created the recruitment of more than 1,000 direct employees during its construction. Since the start of operation, it has directly employed more than 80 people and generated 3,600 indirect jobs. This funding comes at a time of global uncertainty, as banks and investors are a few organizations that remain optimistic in Africa

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