AFC signals interest in funding Blencowe’s Orom-Cross project
London-listed Blencowe Resources has received a formal expression of interest (EoI) from multilateral finance institution the African Finance Corporation (AFC) regarding potential participation in both debt and project level equity funding for the Orom-Cross graphite project, in Uganda. This EoI follows extensive engagement between Blencowe and the AFC over the past few years and represents a key step to securing the AFC as a co-funding solution partner for Orom-Cross, the company points out.
London-listed Blencowe Resources has received a formal expression of interest (EoI) from multilateral finance institution the African Finance Corporation (AFC) regarding potential participation in both debt and project level equity funding for the Orom-Cross graphite project, in Uganda. This EoI follows extensive engagement between Blencowe and the AFC over the past few years and represents a key step to securing the AFC as a co-funding solution partner for Orom-Cross, the company points out.
