Trending
Heat Index
Business
 
Read More
4
 
Read More
3
 
Read More
5

Calendar
July 2019
M T W T F S S
« Jun   Aug »
1234567
891011121314
15161718192021
22232425262728
293031  
Archive for July 29th, 2019
Most Recent
 
Read More
July 29, 2019

Africell to spend $100m on mobile infrastructure and fintech in Africa

Kampala — African telecom firm Africell plans to spend part of a $100m US credit line on expanding its infrastructure and fintech services, its CEO says.

The 18-year-old company, which has 15-million subscribers across its four African operations, secured the loan in May from the Overseas Private Investment Corporation (Opic), the US government’s private investment fund.

Africell founder and CEO Ziad Dalloul said the money would help fund infrastructure investments for its operations in Uganda, Democratic Republic of Congo, Gambia and Sierra Leone.

It would help the firm expand fintech services, such as mobile payments, micro-insurance and micro-finance, he [...]

4
Top Stories
 
 
 
 
 
 
Health Tips
 
CAN YOU EAT YOUR WAY TO BETTER ASTHMA CONTROL?