Safaricom Secures $117 Million with Kenyan Sustainability-Linked Loan
Kenya's telecom titan, Safaricom (SCOM.NR), shared on Tuesday that it secured 15 billion shillings (around $116.73 million) from the second round of a sustainability-oriented loan procured from a coalition of local banks.
This telecom heavyweight, partially owned by South Africa's Vodacom (VODJ.J) and Britain's Vodafone (VOD.L), initiated this green loan project last year, netting a comparable sum in its initial phase.
The fresh funding will be funneled into various eco-friendly initiatives, notably transforming its…