How Afreximbank’s $50m rescued Aba Power — Nnaji

By Emma Ujah, Abuja Bureau Chief
The decision of the African Export-Import Bank (Afreximbank) to provide a $50 million facility to Geometric Power Limited after a seven-year delay was what made Aba Power a reality today.
The Group Managing Director (GMD) of Geometric Power, Mrs. Agatha Nnaji, disclosed this during an interview with journalists who visited the facility in Aba, the commercial hub of Abia State, on Tuesday.
In her words, “Afreximbank is the bank that provided the funding that enabled us to complete and commission the project.”
The GMD revealed that after the plant was built following heavy investments by its promoters, led by Prof. Barth Nnaji, power sector privatiza...