Africa's Talking Ltd (IFC-39771)

Countries
  • Kenya
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
Proposed
Bank Risk Rating
C
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
Oct 11, 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.
Borrower
AFRICA'S TALKING LTD
The holder of the loan, grant, or other investment.
Sectors
  • Communications
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 6.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 15, 2017

Disclosed by Bank Sep 6, 2017


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Project Description
Africa’s Talking Ltd. (“the Company” or “AT”) is a leading pan-African provider of Communication Platform as-a-Service (cPAAS) solutions focused on the fast-growing developer community in Africa. AT caters to the growing digitization of services and mobile-first trend in Africa by enabling high growth African companies to better communicate and engage with their customers. The Company provides a cloud-based platform that enables developers across Africa to integrate messaging, voice, and video communications capabilities into their apps via its self-provisioning, unified access, and easy-to-use application programming interface (“API). AT serves as a bridge between mobile network operators (“MNOs”) and developers, offering access to locally relevant MNO services/means of communications such as SMS (bulk and premium), USSD, Short codes, Airtime, Voice, Real-Time Communication, Sender IDs, Keywords, and mobile money.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/