Safaricom Ethiopia in fresh IFC debt talks amid local lending cap

Safaricom is negotiating a $100m–$150m local-currency syndicated loan with the IFC to fund its capital-intensive Ethiopian expansion while mitigating severe foreign exchange risks.

Black News Black News
Jun 4, 2026 - 06:09
Safaricom Ethiopia in fresh IFC debt talks amid local lending cap
Safaricom is negotiating a $100m–$150m local-currency syndicated loan with the IFC to fund its capital-intensive Ethiopian expansion while mitigating severe foreign exchange risks.
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