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Telecommunications: IFC offers $194 million to Airtel Africa

22/03/2022
Categories: Sectors

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In order to support its investment efforts in seven markets on the continent, the International Finance Corporation (IFC) is offering $194 million to Airtel Africa.

       

The investment unveiled aims to support the investment needs of the African branch of the Indian telecom group Bharti Airtel in seven markets which are Chad, the Democratic Republic of Congo, Kenya, Madagascar, Niger, the Republic of Congo and Zambia . The $194 million the IFC is offering to Airtel Africa includes $150 million from equity and $44 million raised through its Managed Co-financing Portfolio Program (MCPP).

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