[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 9 sources · 3 days · First seen · Last updated

US support for Africell telecommunications infrastructure

Overview

The United States government, through the Export-Import Bank, has approved a loan of approximately $99.6 million to Africell Holding Limited. As the only American-owned mobile operator in Africa, Africell intends to use the financing to invest in mobile network technologies from American and allied suppliers, such as Nokia.

This initiative is part of a broader U.S. strategic effort to counter the market dominance of China’s Huawei, which holds an estimated 52% share of Africa’s 5G infrastructure. By providing commercial financing, Washington aims to reduce reliance on Chinese equipment and promote what it considers secure and trusted communications technology, including networking and data centers.

Africell serves roughly 15 million customers across several nations, including Angola, The Gambia, Sierra Leone, Uganda, and the Democratic Republic of Congo. The specific financing is intended to support Africell’s investment in technology for its operations in Angola. CEO Ziad Dalloul stated that the funding will allow the company to implement “more secure and trusted communications infrastructure” in its markets.

Entities

Huawei · Africell · United States · Export-Import Bank of the United States · U.S. Export-Import Bank

Timeline

  1. 8 days ago

    [BUSINESS] 5 sources
    US lends $99.6 million to Africell to expand telecom tech in Africa

    The U.S. Export-Import Bank is providing a $99.6 million loan to Africell to expand American and European telecom technology in Africa, aiming to counter Huawei’s market dominance.

  2. 10 days ago

    [BUSINESS] 4 sources
    Africell receives $100M U.S. loan to counter Huawei in Africa

    The U.S. Export-Import Bank is lending nearly $100 million to Africell to expand American telecommunications technology in Africa and counter the market dominance of China's Huawei.

Sources

africa-press.net · africanleadershipmagazine.co.uk · ca.sports.yahoo.com · chale.news · holdonangola.com · telecomlead.com · timesnownews.com · topafricanews.com · wtop.com

This summary has been updated 1 time: see revision history