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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Should l Buy ?
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.
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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.
