Home Unlabelled VODACOM TANZANIA: Citi Arranges $90 Million Financing for Tanzania’s leading cellular network.

at Thursday, July 23, 2009
Vodacom Tanzania Managing Director Mr. Dietlof Mare (third left) and Citi’s Chief Executive Officer, Africa Division, Naveed Riaz (fourth left) and other top officials of the two institutions pose after the signing ceremony in Dar.


Vodacom Tanzania has closed an innovative US$90 million Syndicated Loan Facility with Citibank Tanzania Limited that will be used to finance capital expenditure.

Citi is the mandated lead arranger and book runner, for the multi tranche 5-year syndicated loan facility of US$ 150,000,000. The initial $ 90,000,000 multi currency financing has been completely sourced through local banks along with Citibank Tanzania Limited.




The other local banks include KCB (Tanzania) Ltd and National Microfinance Bank Plc as senior lead arrangers, National Bank of Commerce Ltd and Stanbic Bank Tanzania Ltd as senior arrangers. CRDB Bank Plc and Standard Chartered Bank of Tanzania Ltd as arrangers and the Bank of Baroda (Tanzania) Ltd as a participant. Citi is mandated for arranging a further US$ 60,000,000 from the overseas markets.
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  1. AnonymousJuly 23, 2009

    Voda wasanii tu hawana lolote, citi nao wasanii vilevile hawana mpango.Wakulima na viwanda mko wapi?

    ReplyDelete
  2. AnonymousJuly 23, 2009

    naona sasa voda na makampuni mengine waanza kulipa ushuru kuliinua taifa badala ya kuto vidawati kama zawadi. mmeliwa serekali ya bongo!

    ReplyDelete
  3. AnonymousJuly 23, 2009

    Hivi why Bank za nyumbani hazikuchangamkia hili deal? Citi wako hoi sasa hivi. U.S Government imewapa bailout ya $ 45 billion. Last Friday wame report 2nd Quarter earnings na ndio wamepata faida baada ya muda mrefu :)

    As a Citi shareholder nimefurahia hili. But kama mtanzania nasikitika kwa kuona Bank zetu zimeshindwa kuchangamkia ulaji.

    Citi Group Angry Shareholder

    ReplyDelete
  4. AnonymousJuly 23, 2009

    Anko nanihii, unabana sana comments zangu

    ReplyDelete
  5. AnonymousJuly 24, 2009

    wewe unayejiita city angry s...

    hiyo ni syndicate loan ambayo inajumlisha bank za tz
    basi hata kusoma hujui
    au hizo shea unanunuliwa

    ReplyDelete

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