Original disclosure @ IFC website
Updated in EWS Jan 6, 2023
Disclosed by Bank Mar 17, 2022
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Airtel Africa (the “company”) is an integrated mobile network operator offering mobile voice and data services as well as mobile banking services. The company maintains a presence in 14 countries in Africa through local subsidiary operating companies. It offers mobile voice and data services largely through the provision of 2G, 3G and 4G mobile networks. The company also offers mobile money services to customers which provides an opportunity to extend financial services and products to underserved populations. The company operates mobile telecommunication networks, fibre network infrastructure, data centres, and an extensive sales and distribution network of shops and kiosks.
According to the Bank’s website, the proposed investment comprises up to US$150 million from IFC’s own account and up to US$44 million in mobilization from Managed Co-Lending Portfolio Program (“MCPP”) to support Airtel Africa’s network investment across 7 subsidiaries as well as refinancing its existing loans.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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Airtel Africa Plc
Deputy Chief Financial Officer
+44 207 493 9315
53/54 Grosvenor Street, London W1K 3HU, United Kingdom
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