RMB Nigeria, a leading African Corporate and Investment Bank, has secured a landmark $1.8 billion financing arrangement for the development of the Kano-Maradi railway, one of West Africa’s most significant cross-border transport infrastructure projects.
The Kano-Maradi railway financing deal aims to strengthen regional trade, logistics networks, and infrastructure investment between Nigeria and the Niger Republic, positioning the corporate and investment bank as a key financier of the project.
Acting as Global Coordinator and Initial Mandated Lead Arranger, RMB structured the financing package for Nigeria’s Ministry of Finance to support the construction and commissioning of the 374-kilometre railway corridor connecting Kano to Maradi.
The Kano-Maradi railway is designed to improve the movement of goods and people across borders, reduce transportation costs, and unlock new commercial opportunities across northern Nigeria and neighbouring Niger.
Read also: Railway infrastructure is one of the solutions to Africa’s trade expansion
