Econet to strengthen Harare network with Swedish credit

12 Aug 2010

Econet Wireless Zimbabwe says it will strengthen its mobile network in the capital Harare under a new USD60 million loan from Swedish export credit agency EKN, adding to existing credit lines with China and the Egyptian-based African Export-Import Bank. CEO of Econet, Douglas Mboweni, said the entire facility would be channelled into buying infrastructure for Harare to meet rising demand, adding that engineers from Swedish technology partner Ericsson had already arrived to install the equipment.