- This facility will be used to support Airtel Africa's operations and investments in four of its subsidiaries and it has a tenor up to September 2024.
- Airtel Africa has telecom and mobile money operations in 14 African countries. The facility involves borrowing both local currencies and the US dollar.
- The deal was executed by its Indian unit where Airtel Africa's parent company Bharti Airtel is headquartered. The credit will be extended through its branch office or subsidiaries in sub-Saharan Africa.
- Citi Banks' sustainability-linked loan with Airtel Africa is to expand digital inclusion and gender diversity. This is Citi India's first performance-indicator-based deal in the area of telecommunications.
Question:
Q.1 Airtel Africa signed a credit pact worth _____with Citi bank.
a. USD 100 million
b. USD 120 million
c. USD 125 million
d. USD 130 million
a. USD 100 million
b. USD 120 million
c. USD 125 million
d. USD 130 million
