Rwandan Banks sign landmark telecom infrastructure financing deal under Project Zorro
Date: 2026-03-30
By: Nana Appiah Acquaye
A
consortium of Rwandan banks has signed a major telecom infrastructure financing
agreement under Project Zorro, supporting the acquisition of 1,467 telecom
tower sites now operated by Ishara Towers Rwanda Ltd, formerly IHS Rwanda.
The
transaction, led by Bank of Kigali Plc, brought together several financial
institutions including Development Bank of Rwanda (BRD), BPR Bank Rwanda,
I&M Bank Rwanda, Ecobank Rwanda, and Access Bank Rwanda.
The
deal represents one of the largest syndicated financing transactions of its
kind in Rwanda and is expected to strengthen critical telecommunications
infrastructure supporting mobile connectivity, internet access, and digital
services nationwide.
Industry
stakeholders noted that the agreement underscores the increasing capacity of
Rwanda’s banking sector to structure and deliver complex, large-scale financing
solutions aligned with national development priorities.
The
investment is also seen as a key enabler of broader economic participation,
reinforcing the country’s digital transformation agenda through improved
infrastructure and expanded access to connectivity.
