PROJECT

Projects

Summary of Investment Information

Project Number

51083

Company Name

AIRTEL AFRICA PLC

Date SPI Disclosed

Mar 20, 2025

Country

Africa Region

Region

Africa

Projected Board Date

Apr 22, 2025

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jul 23, 2025

Department

Regional Industry - INF Africa

Industry

Telecommunications and Technology

Previous Events

Approved : Apr 29, 2025
Invested : May 15, 2025

Sector

Mobile Telephony

Project Description

The proposed investment consists of providing an additional IFC A Loan of up to US$100 million equivalent in deliverable local currency to be disbursed to AA’s subsidiaries in Kenya and Rwanda (“Borrowers”). The Loan would be under similar terms and conditions as the other committed facilities. The investment aims to support the continued mobile network roll-out through new capital expenditure (“capex”) programs and refinancing of the Borrowers’ existing debt freeing up capital for further network expansion.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation