Starlink Global Secures $20.8m Afreximbank Loan for Lagos Cashew Processing Plant
<p>Afreximbank has approved a $20.8 million facility for Starlink Global to construct a 30,000-tonne cashew processing factory in Lagos.</p>
<p>The post <a rel="nofollow" href="https://www.arise.tv/starlink-global-secures-20-8m-afreximbank-loan-for-lagos-cashew-processing-plant/">Starlink Global Secures $20.8m Afreximbank Loan for Lagos Cashew Processing Plant</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>
The African Export-Import Bank (Afreximbank) has approved a $20.8 million financing facility for Nigeria-based Starlink Global and Ideal Limited to enable the company to construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos.
According to the facility agreement signed on July 22, 2024, Afreximbank would provide the funds in two tranches with the first tranche of US$7.48 million going toward capital expenditure for the construction of the factory and the second, totalling $13.25 million to be deployed as working capital for the operations of the factory.
The facility is expected to promote value addition which would guarantee increased earnings to the company while also fostering the creation of about 400 new jobs once the factory becomes operational. It is also expected to support about 40 small and medium-sized enterprises.
Commenting on the transaction, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank, Mrs. Kanayo Awani, said that by supporting Starlink Global to establish a modern processing facility, Afreximbank was making it possible for Africa to add value to its agro-commodities, thereby facilitating exports and subsequent inflow of much-needed foreign exchange into the continent.
“We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria. It will contribute to value creation and to the development of the local community while also improving the lots of smallholder farmers and small business suppliers that will work with Starlink across the value chain,” Awani added.
<img src="https://www.mtlblog.com/media-library/a-fancy-dish-of-beef-and-peas-right-an-anthony-bourdain-mural-in-montreal.jpg?id=60155161&width=1200&height=800&coordinates=96%2C0%2C96%2C0"/><br/><br/><p>Montreal just proved it's still the <a href="https://www.mtlblog.com/eat-drink/" target="_blank">food capital of Canada</a>.</p><p><a href="https://canadas100best.com/best-restaurants/" target="_blank">Canada's 100 Best Restaurants 2025</a> is out, and 26 Montreal restaurants made the cut — more than any other city in the country. For comparison, Toronto landed 23 spots and Vancouver claimed 16. Compiled by culinary writers and industry insiders, the annual ranking highlights the best places to eat across Canada right now.</p><p>While the top spot in the country went to Restaurant Pearl Morissette in Ontario's wine country, Montreal's Mon Lapin — <a href="https://www.mtlblog.com/montreal-restaurant-vin-mon-lapin-was-rated-best-in-canada-we-tried-it-for-date-night" target="_blank">last year's winner</a> — took #2 nationwide. The Plateau wine bar was praised for being the "elusive sweet spot between casual and special-occasion restaurants," according to the culinary experts behind the annual ranking.</p><p>Dishes like habanada peppers stuffed with fried baccalà or strudel with confit shallots and a slice of Samuel le Bleu from the Eastern Townships were described as "delightfully surprising."</p><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/DJUMn2SRKzp/" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/DJUMn2SRKzp/" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>Mon Lapin wasn't the only Montreal spot to crack the top 10. At #7, Verdun's Beba was praised for its "ostensibly simple, unfussy, unrepentantly meaty offerings."</p><p>Menu staples at the tiny family-run joint include gnocchi alla veneta, served with brodo-braised meat, beef tongue with chile verde, foie gras and truffle terrine, and golden knish topped with Imperial Osetra caviar. </p><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/DJURdZ1RSHT/" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/DJURdZ1RSHT/" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>Other top-placing Montreal spots include <a href="https://www.mtlblog.com/montreal-restaurant-new-le-violon" target="_blank">Le Violon</a> (#11), which was also named <em><a href="https://canadas100best.com/list/2025/le-violon-best-new-restaurant-2025/" target="_blank">Best New Restaurant of the Year</a></em> for its stripped-down, product-driven menu, Monarque (#17) with its luxe brasserie-meets-fine-dining split, and Montreal Plaza (#20), known for its quirky charm and top-tier technique.</p><p>Here are all 26 Montreal restaurants that made the 2025 list:</p> <ul> <li> Mon Lapin (#2)</li> <li> Beba (#7)</li> <li> Le Violon (#11)</li> <li> Monarque (#17)</li> <li> Montréal Plaza (#20)</li> <li> Cabaret l’Enfer (#22)</li> <li> Alma (#24)</li> <li> Pichai (#25)</li> <li> Bar St-Denis (#27)</li> <li> Casavant (#31)</li> <li> Parapluie (#35)</li> <li> Mastard (#40)</li> <li> Salle Climatisée (#44)</li> <li> Joe Beef (#46)</li> <li> Sabayon (#48)</li> <li> L’Express (#61)</li> <li> Gia Vin & Grill (#64)</li> <li> Toqué! (#67)</li> <li> Au Pied de Cochon (#76)</li> <li> Juliette Plaza (#77)</li> <li> Heni (#83)</li> <li> Kitano Shokudo (#85)</li> <li> Nora Gray (#90)</li> <li> Damas (#91)</li> <li> Claire Jacques (#100)</li> </ul> <p>For the full list and more info, visit <a href="https://canadas100best.com" rel="noopener noreferrer" target="_blank">canadas100best.com</a>.</p><p><em>Love this? Check out our <a href="https://www.mtlblog.com/notices/" target="_blank">MTL Blog noticeboard</a> for details on jobs, benefits, travel info and more!</em></p>
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