Business Daily | by Victor Juma
Standard Chartered Bank Kenya was one of the major banks that lent Safaricom a total of $400 million (Sh46.3 billion) last year, helping the telecom operator pay for its Ethiopian licence.
A consortium led by Safaricom paid $850 million (Sh98.3 billion) to gain entry into the new market, with the telco relying heavily on short-term loans to fulfil its part of the capital obligations…
