On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Spacefon Areeba (formerly Scancom), Ghana’s biggest mobile operator has been granted a USD40 million from the International Finance Corporation to help fund a network upgrade and expansion. Under the terms of the agreement Spacefon, a subsidiary of telecoms holding group Investcom, will use a portion of the loan to reduce its tariffs, thus assisting in the economic development of the country.