Browse related articlesCeltel in $320m IFC loan
Kuwait: Saturday, June 16 - 2007 at 07:36
IFC, the private sector arm of the World Bank, has awarded $320m worth of financing to five operations of Celtel International, a subsidiary of Kuwait's MTC, to help expand and upgrade its mobile networks in the Democratic Republic of Congo, Madagascar, Malawi, Sierra Leone and Uganda. The IFC will provide a loan of $160m which will be matched by syndicated loans with participating commercial banks and loans from bilateral financial institutions.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, June 16 - 2007 at 07:36 UAE local time (GMT+4)
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