Rwandan banks deliver debt financing for Paradigm Tower takeover
A consortium of Rwandan banks has successfully closed a landmark financing deal named Project Zorro to strengthen the country's telecom infrastructure, New Times reported. The transaction supports the acquisition of IHS Rwanda, now rebranded as Ishara Towers Rwanda, and is tied to Paradigm Tower's purchase of 1,467 telecom tower sites across the country. The transaction was led by Bank of Kigali and also included Development Bank of Rwanda (BRD), BPR Bank Rwanda, I&M Bank Rwanda, Ecobank Rwanda, and Access