Mota – Engil Secures €100M to Support West African Gold Mines

Africa Finance Corporation (AFC) has announced the provision of a €100 million loan to support Portuguese engineering company Mota – Engil Africa’s expansion in West Africa’s mining sector.

The five-year loan will enable the construction firm to purchase equipment, inventory and site infrastructure for three gold mines in the Ivory Coast and Mali.

“Gold continues to be a vital economic driver for many African nations, and through this investment, AFC is helping to unlock long-term value- supporting export earnings, job creation, and broader industrial development of the region,” stated Samaila Zubairu, President & CEO of the AFC.

AFC has previously supported Mota – Engil in its $2 billion Kano Moradi rail project in Nigeria, the Lobito Railway project in Angola and the Bugesera International Airport project in Rwanda.