Standard Bank Partners Safaricom with USD138M Financing for Ethiopia Expansion

Standard Bank Group, trading as Stanbic Bank in Kenya and Africa’s largest bank by assets, has partnered with Safaricom Telecommunications, Kenya’s leading telecommunications provider, to deliver USD 138 million (KES 17.94 billion) in funding to Safaricom Telecommunications Ethiopia PLC (STEP). The facility positions Standard Bank as the sole arranger, lender, and facility agent, while also providing advisory support. … Continue reading Standard Bank Partners Safaricom with USD138M Financing for Ethiopia Expansion