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IFC, British International Investment and Proparco agree €87 million loan to Support Sonatel’s Telecoms Expansion in Senegal
KIGALI (Capital Markets in Africa) – To accelerate Senegal’s digital transformation, IFC and partners British International Investment (BII) and Proparco today announced a financing package for Sonatel to improve essential telecommunications infrastructure in the country and expand access to reliable, affordable mobile and fixed broadband services. The local currency equivalent €87 million, sustainability-linked loan includes €32 million from IFC, €25 million from BII, and €30 million from Proparco. The funding will help Sonatel, the largest…
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