Airtel Africa Proclaims $125 Million Credit score Facility with Citi

Airtel Africa, a number one telecom service supplier within the African continent with a presence in 14 international locations, has introduced a $125 million credit score pact with Citi. It’s a revolving credit score pact that can keep in place till September 2024. Airtel Africa has made this strategic announcement according to the corporate’s aim of elevating debt for its native working corporations. The credit score will embody each native forex and US dollar-denominated debt. Airtel Africa will utilise this credit score to assist investments in its 4 subsidiaries and in addition increase operations.

Airtel Africa mentioned that this facility would offer the corporate with potential rate of interest financial savings in alternate for attaining social impression milestones. The corporate needs to remodel the lives of the communities the place it operates. Airtel Africa would be capable of gas its sustainability technique as properly with this cash.