Sunday, September 26, 2021
More

    U.S. OPIC signs $100 million loan deal with Africell

    Must read

    Naija247news Editorial Teamhttps://www.naija247news.com/
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    JOHANNESBURG (Reuters) – African telecoms firm Africell on Friday signed a $100 million loan agreement with U.S. development financier the Overseas Private Investment Corporation (OPIC), both entities said.

    The loan will help fund Africell’s expansion of communications infrastructure.

    The deal was signed on the sidelines of the African Development Bank’s Africa Investment Forum in Johannesburg, and forms part of the OPIC’s $1 billion investment in African infrastructure and technology launched earlier in 2018.

    Reporting by Joe Bavier; Writing by Mfuneko Toyana; Editing by Joe Brock

    - Advertisement -spot_img

    More articles

    - Advertisement -spot_img

    Latest article

    WP to LinkedIn Auto Publish Powered By : XYZScripts.com