Fosun Pharma secures $54m loans from IFC for West Africa plant

Fosun Pharma secures $54m loans from IFC for West Africa plant

Photo: Reuters

Shanghai Fosun Pharmaceutical Co. Ltd., a unit of private Chinese conglomerate Fosun Group, secured two loans totalling 50 million euros ($54 million) from the International Finance Corp. (IFC) to fund a project in Côte d’Ivoire, West Africa.