PROJECT

Projects

Summary of Investment Information

Project Number

48663

Company Name

AIRTEL AFRICA PLC

Date SPI Disclosed

Apr 30, 2024

Country

Africa Region

Region

Africa

Projected Board Date

Jun 6, 2024

Environmental Category

B - Limited

Status

Active

Last Updated Date

Feb 19, 2025

Department

Regional Industry - INF Africa

Industry

Telecommunications and Technology

Previous Events

Approved : Jun 14, 2024
Invested : Jul 22, 2024

Sector

Mobile Telephony

Project Description

The proposed investment comprises up to US$200 million - US$165 million from IFC’s own account and US$35 million in mobilization from Managed Co-Lending Portfolio Program (“MCPP”) to support Airtel Africa’s network investment across 3 subsidiaries (in Democratic Republic of Congo, Kenya and Rwanda) as well as refinancing existing loans. The project component for Airtel Rwanda is expected to be supported by the International Development Association’s Private Sector Window Local Currency Facility (IDA-19 PSW LCF) as described in the Blended Finance Section.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation