PROJECT

Projects

Summary of Investment Information

Project Number

35086

Company Name

AFRICELL HOLDING LIMITED

Date SPI Disclosed

Apr 9, 2015

Country

Africa Region

Region

Africa

Projected Board Date

May 11, 2015

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Gbl Infrastructure & Natural Resources

Industry

Telecommunications and Technology

Previous Events

Approved : May 21, 2015
Signed : Jul 16, 2015
Invested : Sep 18, 2015

Sector

Mobile Telephony

Project Description

Founded in 2001, Africell Holding (“Africell”, the “Company”) is a mobile network operator (“MNO”) active in The Gambia, Sierra Leone, the Democratic Republic of Congo and Uganda.

The proceeds of this financing will go towards refinancing Africell’s several loans and credit lines into one facility, but also towards supporting the Company’s capex program in its operating countries.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation