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Banro secures close to $100 million

Banro, with long-term debt of about US$167 million at end-September, has announced a near $100 million financing agreement with China's Resource FinanceWorks (RFW).

Gareth Tredway
The Twangiza gold plant in the DRC at night

The Twangiza gold plant in the DRC at night

The deal includes an $8.75 million share placement, a $22.5 million term loan facility, and a $67.5 million gold streaming transaction. The investment will be made by the RFW managed Baiyin Stream Partnership,...

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