Delphos Closes Largest African Telecom Loan in OPIC History
Delphos International acted as a sole financial advisor to Wananchi Group in the closing and funding of a US$72 million long-term senior loan from the Overseas Private Investment Corporation (“OPIC”). Wananchi is a leading provider of broadband internet and pay-tv services to residential and corporate customers in East Africa. The deal is OPIC’s largest telecommunications financing in Africa and Middle East in the 40-year history of the U.S. government agency. Including this financing, Delphos International has assisted Wananchi and its affiliates arrange over US$120 million in debt commitments and over US$235 million in equity financing.