TOP
Thursday,September 24,2020 15:13 PM
  • Home
  • Archive
  • Celtel Tanzania secures US$70m for expansion

Celtel Tanzania secures US$70m for expansion

By Vision Reporter

Added 22nd June 2006 03:00 AM

CELTEL Tanzania has secured a $70m in funding to drive the company’s expansion plans in the country.

CELTEL Tanzania has secured a $70m in funding to drive the company’s expansion plans in the country.

CELTEL Tanzania has secured a $70m in funding to drive the company’s expansion plans in the country, writes Emmy Olaki.

The company will also access $15m early in 2007 through a roll-over facility to be provided by the lenders from the banking syndicate involved, allowing the company to fund development.

A statement said the loan will amortise over four and a half year. Standard Bank Plc is the global arranger.

Celtel Tanzania secures US$70m for expansion

Related articles

More From The Author

More From The Author