On the Money News: In Brief

Mergers, Acquisitions and Financial Results

* Rwandatel will invest Rwf900 million in developing the ‘Mobile Money’ service .
Libya African Investments Portfolio (LAP), the investment arm of the Libyan Government which owns 80 percent of Rwandatel is set to invest $94 million (Rwf53.6 billion) this year. It will also invest Rwf900 million in developing the ‘Mobile Money’service .

* Kampala - Bharti Airtel Chief Executive Officer (International) and joint Managing Director Manoj Kohli's announcement in Kampala last week that the company intends to invest US$100 million in network expansion and technology is likely to spark renewed price wars.