Citi Bank Group

Sourced from Comms MEA Airtel Africa, one of Africa’s largest telecom groups with a presence in 14 countries across the continent, today announced the signing of a $125-million revolving credit facility with investment banking group Citi through its branch offices/subsidiaries in sub-Saharan Africa. The telecom says that this facility is in line with its strategy to raise debt in its local operating companies, and will include both local currency and US dollar-denominated debt. The facility has a tenor up to September 2024 and will be used to support Airtel Africa’s operations and investments in four of its subsidiaries. Airtel says the facility provides potential interest rate savings in exchange for achieving social impact milestones relating to digital inclusion and gender diversity, wi...