MALI'S SOTELMA TO PUT FCFA25 BILLION INTO NETWORK UPGRADE PRE-PRIVATISATION
Sotelma is to spend FCFA25 billion to rehabilitate its network before privatisation. It signed a finance agreement last week at a meeting attended by the Minister of Communications Gaoussou Drabo in Hotel Salam. The financial partners underwriting the loans for the upgrade included BIM-SA, Belgolaise, CCIM and Ecobank. Also in attendance was equipment vendor Siemens in the person of Bob Van der Linden. BIM-SA is the principal financial partner who helped raise the funds from other consortium members. Belgolaise described itself as a financial and strategic partner of Siemens.
The PDG of Sotelma Cheick Sidi Mohamed Nimaga said he believed that the financing of the upgrade would reinforce the incumbent's leadership in the sub-region and would guarantee the success of the privatisation. No specific plans have yet been announced.
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