TONBOFA Law Practice is pleased to have advised FG Gold on achieving financial close for the US$330 million senior debt financing of the Baomahun Gold Project. The financing was led by Africa Finance Corporation (AFC)and African Export-Import Bank (Afreximbank), with additional capital from Trafigura Group.
This facility completes the project’s funding package, complementing AFC’s earlier US$100 million investment in gold streaming and mezzanine commitments. Total investment by African Development Finance Institutions now stands at US$430 million, including Afreximbank’s US$75 million contribution. This financing secures the full development pathway for Baomahun Gold Project, enabling accelerated construction and progress toward first gold pour.

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