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AA KE Upsize II

Sector: Telecommunications • Location: Kenya

Source: International Finance Corporation (IFC)

Project
Pending

  The proposed investment consists of providing an additional IFC A Loan of up to US$50 million and US$100 million equivalent in deliverable local currency to be disbursed to Airtel Africa’s subsidiaries in the Democratic Republic of Congo and Kenya respectively (“Borrowers”). The Loan would be under similar terms and conditions as the previously committed facility. The investment is expected to u

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The project “AA KE Upsize II” is an infrastructure initiative in the Telecommunications sector, located in Kenya. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Status

Original status

pending

Taiyo status

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Contact

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Email

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Address

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Description

Description

  The proposed investment consists of providing an additional IFC A Loan of up to US$50 million and US$100 million equivalent in deliverable local currency to be disbursed to Airtel Africa’s subsidiaries in the Democratic Republic of Congo and Kenya respectively (“Borrowers”). The Loan would be under similar terms and conditions as the previously committed facility. The investment is expected to underpin the Group’s accelerated capex progamme aimed at expanding its mobile network across the DRC and Kenya. Furthermore, the investment will also enable the Borrower to refinance existing debt to optimise the capital structure and support future expansion.                                                 

Original sub-sector

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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