Project:

Celtel Africa

Country:

Sierra Leone, Congo, Uganda, Madagascar and Malawi

Sector:

Telecoms

Description:

 

EAIF signed the Celtel Africa deal at US$24 million on the 11th of June 2007.  The deal attracted much interest and was over-subscribed which meant that the Fund's initial offer of US$35 million was scaled back.  The financing was split across 5 Celtel entities: Sierra Leone US$ 9 million, Congo US$ 8 million (fully disbursed), Uganda US$ 4 million (of which US$ 1.79 million disbursed), Madagascar US$ 2 million (of which US$ 0.96 million disbursed) and Malawi US$ 1 million (of which US$ 600k disbursed).

 

 

                                                          Celtel back

 

An article published in The Daily Times (Malawi's national newspaper) is given below which refers to the Celtel Africa deal

 

Read more

 

 

Celtel Operations