Category: investment

The Credit Fund of the African Continental Free Trade Area (AfCFTA) Adjustment Fund says it has successfully closed its first investment – and it’s a big one. AfCFTA is committing US$10 million to wholesale voice and SMS services and enterprise connect…

Axian Telecom, a pan-African operator in telecommunications, mobile financial services, and digital infrastructure, says it has successfully priced its US$600 million Senior Notes maturing in 2030.

Morocco-based Maroc Telecom announced on Saturday it has secured two loans from World Bank Group’s IFC worth EUR370 million (US$425.1 million) to help finance 4G rollouts in Chad and Mali.

The State Assets Management Agency of Uzbekistan has officially launched the privatisation process of operator Universal Mobile Systems (UMS), better known under its brand name Mobiuz.

Canadian energy and infrastructure company Rektron Group has announced its potential strategic acquisition of a majority stake in operator AT Ghana.

East Africa-headquartered carrier-neutral data centre operator Wingu Africa has raised US$60 million to fast-track its regional expansion and, it says, power the continent’s digital transformation.

Ericsson India reportedly sold off its 0.6% stake in Vodafone Idea (Vi) on Tuesday to undisclosed buyers for INR4.28 billion (US$49.9 million), less than two months after Nokia’s Indian unit did likewise.

Pan-African telecommunications service provider Axian Telecom is continuing to make news, this time with the announcement that it has acquired an 8% stake in African e-commerce giant Jumia.

Orange Egypt has secured a syndicated loan worth over US$80 million from the European Bank for Reconstruction and Development (EBRD) and Banque Misr to help cover the cost of its recently acquired 5G mobile licence.

The government of Burkina Faso has announced plans to roll out 800 telecom towers in 2025 to facilitate network coverage in ‘white zones’ – areas with no network coverage.