More NewsAltech KDN Taps Standard Bank for Funding Arrangement

Altech KDN Taps Standard Bank for Funding Arrangement

Altech Kenya Data Networks (KDN) has entered into a funding arrangement for capital expansion over a three-year period through Standard Bank in order to expand the telecommunications infrastructure across East Africa.

Helmut Engelbrecht, Standard Bank’s head of investment banking in Africa, said the transaction will provide a stable and predictable financial platform for KDN’s expansion across Kenya and the East Africa region. “Standard Bank’s on-the-ground presence and long-term experience in Kenya laid the foundation for this transaction, and was supported by our ability to provide Kenyan shilling liquidity, our cross-border structuring and execution expertise,” he said.

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