Djibouti secures $10 million facility from TLG, International Investment Bank to boost digital economy
- TLG Capital collaborates with IIB East Africa and IIB Group Holdings to finance Djibouti's SMEs.
- A $10 million debt financing facility is established to support the digital economy.
- The transaction is led by key representatives from TLG Capital and IIB.
The partnership between TLG Capital and IIB signifies a progressive step towards enhancing Djibouti's digital infrastructure, which is crucial for its economic growth. However, ongoing challenges in connectivity and affordability must be addressed to ensure that the benefits of this financing reach all SMEs effectively.
