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Hogan Lovells advises lenders on US$155m facility to finance a series of development projects in Djibouti Damerjog Industrial Development Free Trade Zone
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| 21 July 2023
Paris, 21 July 2023 – Global law firm Hogan Lovells advised the lenders, The African Export-Import Bank (“Afreximbank”) and Banque pour le Commerce et L’Industrie Mer Rouge (“BCIMR”), on a US$155m facility in favor of Great Horn Investment Holding (“GHIH”) to finance a series of development projects in Djibouti’s Damerjog Industrial Development Free Trade Zone.
This is a significant step in developing Djibouti’s infrastructure and supporting the countries vision of becoming a ‘regional transport hub’ by 2035.
GHIH, wholly owned by Djibouti Ports and Free Zones Authority, was established in 2016 to develop Djibouti’s infrastructure and connect the region to global trade routes, including the expansion of ports, improved road and rail links and new airports.
The Hogan Lovells team advising the lenders was led by partner Olivier Fille-Lambie and supported by senior associate Alexandre Salem and associate Jeangély Ampion-Liyono.
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