EAIF invests US$109mn in Sonatel for digital expansion
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has announced a commitment of US$42.7mn to a US$136.4 mn receivables-backed bond issued by securitisation vehicle Fonds Commun de Titrisation de Créance (FCTC), to support Sonatels expansion, modernisation and digital transformation plan in Senegal, and beyond