The International Finance Corporation (IFC) is set to invest $165 million (Sh26.99 billion) in Airtel Africa to fund its operations and refinance existing loans across three subsidiaries in Kenya, Rwanda, and the Democratic Republic of the Congo (DRC).
The IFC revealed that it plans to give Sh22.27 billion debt from its own account and mobilise another $35 million (Sh4.72 billion) from its Managed Co-Lending Portfolio Programme (MCPP)—the lender’s syndications platform for institutional investors.
