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Afreximbank Provides $64 Million Facility to Levene Energy for Axxela Stake Acquisition.
Jan 11, 2026•5 months ago
Contract Type
contract
EnergyOil And GasRenewable Energy
Description
Afreximbank has granted a $64 million acquisition finance facility to Levene Energy Development Limited for acquiring a strategic stake in Axxela Limited. This transaction represents Levene Energy's strategic shift towards participating in Nigeria's gas sectors and supports broader regional efforts for cleaner energy access.
Company Information
Company
Levene Energy Development Limited
About
Levene Energy Development Limited is involved in the energy sector, with a focus on oil and refined petroleum products. Recently, the company has shifted its strategy towards infrastructure-backed assets that promise stable, long-term earnings. They are investing in Nigeria's gas and power sectors to align with the country’s energy transition agenda.
Predictive Intelligence
Strategic
ML-powered predictions for Levene Energy Development Limited's next move
