Eastcastle II (IFC-52276)

Countries
  • Congo, Democratic Republic of
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 30, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
EASTCASTLE INFRASTRUCTURE DRC S.R.L.U.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Communications
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 34.35 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 180.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 11, 2026

Disclosed by Bank Apr 27, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Eastcastle Infrastructure DRC SARLU (“Eastcastle DRC” or the “Company”) is a subsidiary of Eastcastle Infrastructure Limited (“Eastcastle Infrastructure”), which was established in 2020 as a platform company to own and operate shared telecom tower infrastructure in the Democratic Republic of Congo (“DRC”) and Nigeria. Eastcastle Infrastructure and Eastcastle DRC are existing IFC clients, with environmental and social (E&S) performance assessed as satisfactory. An Environmental and Social Review Summary (ESRS) for IFC’s initial equity investment in Eastcastle Infrastructure was publicly disclosed in 2021 (https://disclosures.ifc.org/project-detail/SII/44090/eastcastle). IFC subsequently disclosed an ESRS in connection with a further US$30 million debt facility provided to Eastcastle DRC in 2023 (https://disclosures.ifc.org/project-detail/SII/46563/eastcastle-debt). IFC is considering a reinstatement of its initial debt commitment of up to US$30 million and a new blended finance facility of up to $30 million, as part of a larger financing package, to support the Company’s continued growth in the DRC. The Company operates a geographically dispersed portfolio of telecom tower sites, many of which are located in remote or security-constrained areas.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The total financing package is around US$180 million. IFC is considering a reinstatement of its initial debt commitment of up to US$30 million and a new blended finance facility of $29 million, as part of a larger financing package, to support the Company’s continued growth in the DRC. The Company operates a geographically dispersed portfolio of telecom tower sites, many of which are located in remote or security-constrained areas.    

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The Company is 100% owned by Eastcastle Infrastructure, which in turn is 100% owned by Eastcastle Holdings Limited (“Eastcastle Holdings”). Eastcastle Holdings is owned (i) 34.84% by Africa Infrastructure Investments Manager, (ii) 32.85% by Adenia Partners, (iii) 18.38% by the IFC, and (iv) 13.48% by the Company’s co-founders Peter Lewis and Pankaj Kulshreshtha.                         

 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Eastcastle Infrastructure Limited Parent Company Construction

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Eastcastle Infrastructure Limited
Peter Lewis
info@ecinfras.com
Les Ormes Resort, La Rue Carree, St Brelade JE3 8FL, Channel Islands

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries 

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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 

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How it works