MIGA guarantees Safaricom’s $1.23 billion project in Ethiopia
With the support of the International Development Association (IDA), the World Bank’s guarantee fund covers the risk of conflict or expropriation of a capital share of the investment, estimated at $8 billion over ten years.
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▪ MIGA guarantees Safaricom’s $1.23 billion project in Ethiopia
▪ With the support of the International Development Association (IDA), the World Bank’s guarantee fund covers the risk of conflict or expropriation of a capital share of the investment, estimated at $8 billion over ten years.
▪ https://www.africabusinessplus.com/en/813742/miga-guarantees-safaricoms-1-23-billion-project-in-ethiopia/
The International Finance Corporation (IFC) has also taken a $160 million stake in the Safaricom Group‘s project in Ethiopia.
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