US Approves $99.6 Million Loan to Africell for Angola Network Upgrade
The deal backs the American-owned operator’s push for newer tech in sub-Saharan markets, tied to the broader Lobito Corridor work.
The Export-Import Bank of the United States (EXIM) has approved a $99.6 million direct loan to Africell, the sole U.S.-owned mobile network operator in Africa. Africell’s CEO, Ziad Dalloul, highlighted how this loan supports the company’s growth and the introduction of American technology and infrastructure in its operating markets. This funding aims to enhance communications infrastructure in places like Angola and the Democratic Republic of the Congo, building on Africell’s existing leadership in Sierra Leone and The Gambia.
- The Export-Import Bank of the United States (EXIM) approved a $99.6 million direct loan to Africell.
- Africell is the only U.S.-owned mobile network operator active in Africa.
- The loan will support Africell’s growth and introduce American technology and investment in Africa.
- CEO Ziad Dalloul stated the company is pleased to work with EXIM to improve communications infrastructure in their operating markets.
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