TLG Capital in Djibouti deal
TLG Capital has provided a $10 million debt facility to a telecommunications provider in Djibouti.
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TLG Capital has provided a $10 million debt facility to a telecommunications provider in Djibouti.
The transaction was structured with International Investment Bank (IIB) East Africa, based in Djibouti, and International Investment Bank Group Holdings in Bahrain.
The facility will unlock the rollout of digital infrastructure to improve internet quality and penetration.
Aum Thacker, a senior investment professional at TLG Capital said, “We pride ourselves on building structured solutions for our borrowers. Our job is to make Africa private credit investable at scale. This private credit deal in Djibouti is asset-class building; designed to catalyse capital that crowds in investors and allocators into new markets and products. We continue to expand and tailor our offering for SMEs and bank partners, and it has been a pleasure working with iib on a transaction that converts connectivity into growth and impact across Djibouti and the wider region.”
Sohail Sultan, chairman of the IIB Group said, “This is the kind of intelligent capital Djibouti deserves: fast to deploy and designed to serve real businesses. Together with TLG, we have shown how to turn complexity into executable finance, pioneering a development model whereby British commercial capital can advance development across Africa, while delivering strong returns to investors. TLG has been the optimal partner on this, offering creative structured credit that serves the Djiboutian real economy. TLG and IIB Group working together to close Djibouti’s digital divide is a model to emulate for impact-oriented investors.”
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The structuring of this debt faciltiy through IIB shows how privat capital can actually unlock telecom infrastrucure gaps in emerging markets. Djibouti's strategic location makes this even more compelling since better conectivity could position them as a regional digital hub. This kind of targeted financing is what telecom providers desperatly need to scale their networks.