HTA DRC (IFC-37570)

  • Congo, Democratic Republic of
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 27, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Communications
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 10.66 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 9 million Euros
Converted using 2017-11-28 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 28, 2017

Disclosed by Bank Jan 12, 2017

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Project Description
Helios Towers Democratic Republic of Congo (“HTD”) is expanding its operations through a project that involves the acquisition of 938 towers from Bharti Airtel, for a total of 1,824 towers owned and operated by HTD. The project also involves building 45 new towers over the next 2 years under build-to-suit (BTS) contracts, installation of solar panels at HTD sites wherever feasible, and refinancing of existing debt. IFC’s proposed investment in this project is for a $30 million loan. This is part of an existing syndicated loan arrangement between IFC and HTD to fund capital expenditures for HTD’s planned installation of solar panels, other capital expenditures, and refinancing existing debt. The total project cost is estimated at $56 million.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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