International Investment Bank (iib) and TLG complete landmark $10m private credit deal in Djibouti

In a first of its kind for Djibouti’s growing digital economy, TLG Capital has provided a US$ 10 million financing facility structured with International Investment Bank East Africa and International Investment  Bank Group Holdings (Bahrain). The facility unlocks the rollout of critical digital infrastructure to improve internet quality and penetration, serving thousands of business customers. The direct beneficiary of the facility will be the small-and-medium enterprise sector, as aligned with Djiboutian national development priorities.

Aum Thacker, a Senior Investment Professional at TLG Capital said, “We pride ourselves on building structured solutions for our borrowers. Our job is to make Africa private credit investable at scale. This private credit deal in Djibouti is asset-class building; designed to catalyse capital that crowds in investors and allocators into new markets and products. We continue to expand and tailor our offering for SMEs  and bank partners, and it has been a pleasure working with iib on a transaction that converts connectivity  into growth and impact across Djibouti and the wider region.”

Sohail Sultan, Chairman of the iibGroup, said, “This is the kind of intelligent capital Djibouti deserves: fast to deploy and designed to serve real businesses. Together with TLG, we have shown how to turn complexity into executable finance, pioneering a development model whereby British commercial capital can advance development across Africa, while delivering strong returns to investors. TLG has been the optimal partner on this, offering creative structured credit that serves the Djiboutian real economy. TLG  and iibGroup working together to close Djibouti's digital divide is a model to emulate for impact-oriented  investors.”

Legal advisers to the transaction were ENS and Hannaford Turner for TLG Capital and Trowers & Hamlins for iib East Africa. The TLG Capital deal team comprised Ayoola Oladipupo and Aum Thacker. From iib East Africa, the transaction was led by Mehdi Zehaichi and Adnan Siddiqui.

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