Safaricom inks deal with local banks to fund sustainability projects
Автор: Citizen TV Kenya
Загружено: 2023-09-05
Просмотров: 1212
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Listed telecommunications service provider Safaricom has signed a loan deal worth fifteen billion shillings with a consortium of banks to fund environmentally sustainable projects.
The credit facility which can be expanded to twenty billion shillings is touted as the largest Environmental, Social and Governance linked loan facility to be undertaken in East Africa. The funding provided by a consortium of four banks consisting of Standard Chartered, Standard Bank, ABSA, and KCB will enable Safaricom to access funding based on its progressive achievement of set milestones across key Environmental, Social and Governance areas.
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