Advanced Finance and Investment Group (AFIG) has committed $14 million to two Senegal-based companies, Elton Oil Company, a downstream oil company, and Senbus Industries, an automotive assembler.
The companies will initially get $10 million as a hybrid of equity and quasi-equity financing, while an additional $4 million will be made available at a later stage to capitalise further growth plans. AFIG is investing through their Atlantic Coast Regional Fund.
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