Celebrating Maasai Mara’s record-breaking wildlife migration in Kenya.
Nigeria has secured a landmark $747 million syndicated loan to fund Phase 1, Section 1 of the Lagos-Calabar coastal highway, which spans 47.47 km. This marks the largest syndicated road infrastructure loan in the country’s history and signals renewed investor confidence in Nigeria’s reform agenda. Led by Deutsche Bank, the financing includes contributions from major international and regional banks, with insurance support from the Islamic Corporation for the Insurance of Investment and Export Credit. Construction is already over 70% complete, using high-durability continuously reinforced concrete pavement (CRCP) technology. The highway is expected to boost trade, reduce transport costs, and support job creation. Officials hailed the deal as a model for future public-private partnerships and a milestone in Nigeria’s infrastructure transformation journey.
The Cable