On The Money - In Brief

Mergers, Acquisitions and Financial Results

- MTN Congo has reached an agreement with a group of banks including Eco Bank, Credit du Congo and Banque commerciale internationale en République du Congo for a CFA Francs 20 million loan to finance further network expansion plans.

- The French Development Agency (l’Agence française de développement-AFD) has signed a loan agreement with Djibouti Telecom. The loan’s amount is US$30 million over a 12-year period and will be party used by to pay for Djibouti’s stake in the Europe-India-Gateway (EIG) submarine fibre cable.