IFC is considering a $100M investment in Airtel Africa, allocating $70M to Kenya and $30M to Rwanda for telecom expansion.

The International Finance Corporation (IFC) is considering a major investment in Airtel Africa to strengthen its telecom operations across East Africa, Informer East Africa has reported.

The report further mentions that the proposed funding, totaling $100 million, is expected to allocate $70 million to Airtel Kenya and $30 million to Airtel Rwanda, potentially supporting network expansion and service enhancements in both markets.

Source: TechAfrica News