FirstRand Unit to Fund $120 Million of Ghana’s Kpone Power Plant

South Africa’s FirstRand Ltd. (FSR) said its investment banking unit will finance as much as $120 million of Ghana’s $820 million Kpone power plant as lenders seek to benefit from African infrastructure projects.

Rand Merchant Bank is also the lead arranger for about $400 million of commercial bank funding for the project, Michael Larbie, head of FirstRand in Nigeria, said by phone from Lagos today.

Read more: FirstRand Unit to Fund $120 Million of Ghana’s Kpone Power Plant – Bloomberg.

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