Dalbit International Limited has received a USD 35 million trade financial package from Bank One Limited of Mauritius, to be channeled towards bolstering Dalbit’s working capital and supports the trading of refined petroleum products across East and Southern Africa.
Speaking during the signing ceremony, JCG Chief Treasury and Investment Officer, Divya Bagrecha said it was a milestone as Dalbit targets to stamp it authority as the leading and reliable supplier of refined petroleum products across the African continent.
The milestone was marked by an official signing ceremony at the bank, attended by senior representatives from Dalbit International Limited, including JCG Board Director Kevin Teeroovengadum and JCG Chief Financial Officer Sachin Jain, as well as Pankaj Dalal Financial Controller at Bank One, alongside Mark Watkinson, CEO at Bank One, and Thavin Audit, Acting Head of International Banking at Bank One.
Dalbit International Limited, a market leader and one of the most well-known regional brands in Africa, is a member of the Janus Continental Group (JCG).
It is involved in the acquisition, trading, shipping, and management of petroleum products in both the East and Southern African markets.
The company presently sells a variety of petroleum products, such as Premium Motor Spirit, Gasoil, Kerosene, Jet A1, Fuel Oil, and lubricants and continues to invest in capital projects to address forthcoming issues, seize new possibilities, and keep up with market trends.