New Delhi, May 5 (IANS) While the closure of the Strait of Hormuz amid the US-Israel war on Iran has disrupted supply chains of fuel-importing countries, it has also opened up new opportunities for countries like Nigeria to step up exports of petroleum product from its coastal refinery that has been built with Indian and Chinese assistance, according to a new report.The Lagos-based refinery, owned by Aliko Dangote, Africa’s richest man, is operating at full capacity of 650,000 barrels per day …
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New Delhi, April 22 (IANS) India is expanding its financial footprint in Africa through strategic lending and trade partnerships and its Export‑Import Bank lent Africa Finance Corporation (AFC) a $100 million five‑year loan, a new report has said.The report from Business Insider Africa said the loan underlined India’s expanding financial footprint in Africa, where New Delhi has been increasing trade, investment and export‑credit support competing with China, Europe, Gulf states and the U…