Finnfund has provided a $12 million senior loan to Bandwidth and Cloud Services Group (BCS), a telecom infrastructure provider operating in several African countries. With Finnfund’s help as a key project investor, BCS is expanding its operations in East, Central and Southern Africa.

“Large areas still rely on satellite connections, and in many of these countries, data transfer prices are amongst the highest in the world,” says Yonas Maru, managing director of BCS. “By building...