Swedish credit agency supports Zain Ghana equipment deal

12 Aug 2010

According to an unconfirmed report from the online journal Trade Finance, Standard Chartered Bank has signed a telecoms equipment deal with Ghanaian cellco Zain Communications Ghana Limited (formerly WESTEL), backed by Sweden’s credit agency EKN. It is understood the value of the contract is USD77 million and will be used to provide telecoms equipment to support the cellco’s network expansion in the country. Zain Ghana had approximately 1.375 million mobile users at 30 June 2010, according to TeleGeography’s GlobalComms Database, up from 1.293 million at the start of the year, a market share of 8.4%. Its networks covered an estimated 53% of the population.

Ghana, AirtelTigo