KAMPALA: African telecom firm Africell plans to spend part of a US$100 million U.S. credit line on expanding its infrastructure and fintech services, its chief executive said on Friday.
He also said it would help the firm expand fintech services, such as mobile payments, micro-insurance and micro-finance. Dalloul said Africell would bid to become the fourth operator in Angola, which was expected to reissue a tender in the next two months after the original tender for the licence was annulled in April."We are looking only at markets where we can make a difference," he said, saying this included Angola and Zimbabwe.
Source: Loan Digest (loandigest.net)
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