Econet secures USD307m funding

25 May 2012

Econet Wireless Zimbabwe has completed agreements for a total of USD307 million in funding from Chinese, European and African financiers, which it says will be invested in network infrastructure and product development, including expanding affordable services to underserved rural communities. The list of lenders includes: Ericsson, China Development Bank, Industrial Development Corporation (South Africa), Afreximbank, PTA Bank, TN Bank (Zimbabwe), CBZ (Zimbabwe), the German DEG KfW Bankengruppe, FMO Entrepreneurial Development Bank (Netherlands) and France’s Proparco.

Zimbabwe, Econet Wireless Zimbabwe (incl. ZOL, Liquid Telecom)