Finance

AfreximBank supports Orascom Investment Holdings’ expansion with a $170 million loan

Monday, 21 January 2019 15:15
AfreximBank supports Orascom Investment Holdings’ expansion with a $170 million loan

(Ecofin Agency) - Orascom Investment Holdings, the telecommunications group controlled by the Sawaris (51.1% of the shares), has finalised the obtention of a $170 million loan from AfreximBank.

The fund will help it expand to Rwanda, Togo, Nigeria, Eritrea as well as in Sao Tome and Principe. In these countries, Orascom Investment Holdings will seek business and investment opportunities.

AfreximBank committed itself to the support of intra-African trade expertise. It supports many projects but, it hesitates to support some investment leaders on the continent. Some of the billionaires supported by the bank are Dangote and Tony Elumelu.

Idriss Linge



 
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