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Safaricom Secures $102.95 Million Loan to Advance Environmental Sustainability Projects

ESGSafaricom Secures $102.95 Million Loan to Advance Environmental Sustainability Projects

Kenyan telecom company Safaricom has secured a $102.95 million loan from a consortium of domestic banks, including Standard Chartered Bank Kenya, Stanbic Bank, ABSA Bank Kenya, and KCB Bank. The loan, with the option to increase it to $128.68 million, will be used to support environmentally sustainable projects focused on renewable energy, energy efficiency, and water conservation.

This loan not only supports Safaricom’s sustainability goals but also reflects confidence in the company’s efforts to reduce its environmental footprint and promote sustainability in Kenya.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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