Mota-Engil secures £140 million in financing

Mota-Engil secured US$214 million in financing from the International Finance Corporation (IFC), a member of the World Bank Group, to support its expansion and development plans in Africa. For the Chairman of the Board of Directors and CEO, Carlos Mota Santos, this partnership ‘reflects the strong alignment, commitment and synergies between both organisations, anchored in a shared long-term vision for Africa, where Mota-Engil has been present continuously for almost 80 years since its foundation.’

The financing will support the expansion and execution of transformational mining and rail projects in South Africa, Senegal, Guinea, Nigeria and Angola, while strengthening the Group‘s broader operations across the continent.