Developing Telecoms·3 min read·medium
EBRD helps to fund expansion plans of Yas in Africa
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Vaughan O
✦AI Summary
The European Bank for Reconstruction and Development is providing a €270 million loan to African telecom company Yas. The funding will support 4G and 5G network expansion in Senegal and Kenya, as well as fibre infrastructure development.
The European Bank for Reconstruction and Development (EBRD) is providing a senior loan of up to €270 million to Yas, a leading pan-African telecommunications company owned by Axian Telecom, to support the expansion of digital infrastructure and improve connectivity across Africa.
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