Africa’s Biggest Private Investment Nears $15 Billion Finance

The Mozambique liquefied natural gas project led by Total SA has begun a process to finalize $15 billion of financing, according to people familiar with the information.

The project, which will be the biggest private investment in Africa, requires a large number of documents to be signed, meaning it could take as many as three days to complete the entire process, said one of the people, who asked not to be identified because the information is not public.

There are also plans to raise an additional $1 billion in the next six to 12 months, the person said.

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Source: Bloomberg

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