Kenya's Safaricom raises $117 mln with local sustainability-linked loan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
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Source: Reuters
Safaricom's Loan Acquisition: Kenya's largest telecom operator, Safaricom, has secured 15 billion shillings ($116.73 million) through a sustainability-linked loan from local banks, following a similar amount raised last year.
Investment in Renewable Energy: The funds will be utilized to transition transmission sites to renewable energy sources, aligning with the company's sustainability goals as stated by CEO Peter Ndegwa.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
