Ethiopia’s Safaricom eyes US$350m loan from IFC

The International Finance Corporation (IFC) is set to lend Safaricom Ethiopia an additional Ksh46 billion (US$350 million) to support its expansion of telecommunications and mobile money services in the country. In latest disclosures, the global private sector financier has revealed plans to top up the debt (US$157,4 million) and equity investment (US$100 million for a […]