Original disclosure @ IFC website
Updated in EWS Feb 5, 2023
Disclosed by Bank Apr 30, 2022
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According to the Bank’s website, the proposed project involves a senior debt package of up to USD260 million to Seacom Limited, a leading diversified, integrated digital infrastructure company with extensive broadband infrastructure across Africa. Seacom seeks to diversify from its subsea cable operations into the enterprise service provider market across the continent and refinance its short term debt with new longer-term debt. Through the Project, IFC will help one of the important digital infrastructure companies to increase its enterprise services capabilities to SMEs, medium and large corporates in South Africa, East Africa, and West Africa; leveraging its fiber network spanning 21,000 km (including 17,000 km on its submarine cable) as well as its strategic alliances on the 2Africa Cable and Equiano Cable. Seacom’s growth strategy will be achieved through strategic acquisitions and organic growth initiatives across its markets.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Seacom Capital Limited||Client||-|
Seacom Capital Limited
Chief Financial Officer
+27 11 461 6355
Cybercity Ebene, Mauritius
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