Today's Bulletin: Wed, April 24, 2024
The International Finance Corporation, the World Bank’s private investment arm is going to be injecting up to $160 Million in equity in Safaricom Ethiopia.
In a recent announcement, the International Finance Corporation disclosed that they are going to be buying $160 Million in equity in Safaricom Ethiopia to help its capital expenditure.
The proposed IFC transaction comprises an up to $160 million equity investment in the Company to help fund … capex requirement.
A separate debt package is also being discussed.
Statement by IFC
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