Eastcastle Infrastructure Limited (“Eastcastle”) was established in 2020 and is focused on the construction and operation of shared telecom towers and related infrastructure in various countries across Sub-Saharan Africa including Nigeria and Democratic Republic of Congo (DRC) (https://ecinfras.com/).
In June 2021, IFC supported the formation of Eastcastle with a US$24 million equity investment (https://disclosures.ifc.org/enterprise-search-results-home/eastcastle). IFC are now proposing a further US$30 million debt facility from IFC’s own account and up to US$50 million through a B-Loan and Parallel Loans in Eastcastle Infrastructure DRC. The debt funding will be utilized for the acquisition and construction of a portfolio of Built-To-Suit (BTS) and transmission towers in DRC which will be leased to mobile network operators in the country. (“the Project”).
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Eastcastle Infrastructure Limited
7 Fulmar, Portelet Bay, La Rue Voisin, St Brelade, JE3 8PS, Jersey
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