Transcribed

Safaricom Finalises $257 Million Deal with the International Finance Corporation

Aug 16, 2023 · 1m 20s
Safaricom Finalises $257 Million Deal with the International Finance Corporation
Description

Safaricom Ethiopia has bagged significant funding from the World Bank’s private investment arm for its greenfield telecommunications project. The telecom finalised an agreement with the International Finance Corporation and Multilateral...

show more
Safaricom Ethiopia has bagged significant funding from the World Bank’s private investment arm for its greenfield telecommunications project.
The telecom finalised an agreement with the International Finance Corporation and Multilateral Investment Guarantee Agency, to receive $257.4 million in funding.
The IFC is providing a loan of $100 million to Safaricom and investing $157.4 million Ksh22.5 billion in Global Partnership for Ethiopia BV.
This investment will give the IFC a smaller ownership stake in GPE, with Safaricom PLC remaining the major shareholder.
The investment is intended to support Safaricom Ethiopia’s ongoing greenfield telecommunications project to deploy and operate 4G and 5G mobile networks across the country.
show less
Information
Author Africa Business Radio
Organization Africa Business Radio
Website -
Tags

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search