PROJECT

Projects

Summary of Investment Information

Project Number

52548

Company Name

ATLAS TOWER KENYA LIMITED

Date SPI Disclosed

Mar 20, 2026

Country

Kenya

Region

Africa

Projected Board Date

Apr 24, 2026

Environmental Category

B - Limited

Status

Pending Approval

Last Updated Date

Mar 20, 2026

Department

Regional Industry - INF Africa

Industry

Telecommunications and Technology

Sector

Engineering Services

Project Description

The proposed transaction is a multi-currency senior debt financing of up to US$30 million, including an IFC A Loan of up to US$20 million and remaining to be mobilized from a B Lender/parallel lender for Atlas Tower Kenya (ATK or the Company), an IFC client since 2021. The funding will (i) enable ATK to build and operate new macro towers in Kenya, expanding its existing portfolio of 442 towers; (ii) support ATK’s Green Power Program which involves the large-scale deployment of solar power, battery storage, and off-grid or hybrid energy solutions to help reduce dependence on grid electricity and diesel; and (iii) refinance existing indebtedness (Project).

ATK is an independent telecommunications infrastructure company operating in Kenya under a build-to-suit (BTS) model. Established in 2018, ATK owns and operates a portfolio of 442 towers and manages the full tower lifecycle, including site identification, land leasing, permitting, construction, energy solutions, and operations and maintenance.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation