Sunday 23, July 2017 by Matthew AmlĂ´t

AFC provides $28 million subordinated loan facility to Tunisia's Topic SA

Africa Finance Corporation (AFC) announces it is to provide a $28 million subordinated loan facility for the development of Topic SA's (Topic) Halk El Menzel offshore oil concession block (The Helm Project) in Northern Tunisia. The Subordinated Loan Note has a 30 month tenor and will ensure the project reaches first oil production by January 2018.

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