Digital infrastructure firm Seacom has received a Sh29 billion ($207 million) loan from the IFC to expand its broadband cable network in seven sub-Saharan countries, including Kenya.
The facility, which is a long-term loan package, includes $70 million (Sh9.8 billion) from IFC’s financing, $42.2 million (Sh5.9 billion) co-financing from institutional investors through IFC's Managed Co-Lending Portfolio Programme, and $94.8 million (Sh13.3 billion) equivalent mobilised from Nedbank and Mauritius Commercial Bank.
