Africell Angola wins 2m subscriptions in a month, according to US diplomat

9 May 2022

Mobile market newcomer Africell Angola has gained ‘two million’ subscriptions in its first month of commercial operations since launching on 7 April, according to US Deputy Secretary of State Wendy Sherman, who was speaking at the end of a multi-country African tour. As reported by Agence France-Presse, Sherman said in an online briefing: ‘This is a company that has been in business … for one month and has two million subscribers … They are going to bring capability to everybody in Angola.’

Earlier, the UK-headquartered Africell Group – backed by Lebanese and US investors – reported on its website that Sherman opened a roundtable for American businesses operating in Angola at Africell’s Luanda head office. Chris Lundh, CEO of Africell Angola, declared: ‘Angola is an attractive place to do business, which is why we have invested in building a trusted and secure mobile telecommunications network. Deputy Secretary Sherman’s visit proves that the US government has a similarly positive view of Angola’s potential. We hope that Africell’s success in Angola will inspire other US and international businesses to invest here.’ The release highlighted that the United States government, via the US Development Finance Corporation (DFC), is Africell Group’s ‘biggest external investor’, while Africell was the first African cellco to receive DFC financing, and furthermore is ‘the only US-backed mobile telecommunications operator in Africa’. The release continued that Africell – with mobile divisions in Gambia, Sierra Leone, Democratic Republic of Congo and Angola – ‘is an active supporter of US investment in Africa’ and ‘supports US and local interests including secure network infrastructure, job creation, knowledge sharing, and positive social impact.’

Angola, Africell (Angola)