The telecom company Africell Holding SAL was finally awarded, on 19 May 2020, Angola's fourth mobile license, which is moreover a unified global license.
Last March, the investor, who had successfully passed the qualification phase instituted by the Angolan government, was invited by the inter-ministerial working group - made up of the Minister of Finance, the Minister of Telecommunications and Information Technology and the Minister of Economy and Planning - to present its technical and financial offer.
However, at the launch of the telecoms resource allocation process, several telecoms operators - including MTN, Orange, Maroc Telecom, and Vodafone - had expressed their interest. But only Africell followed through on its interest by making its bid official.
As a reminder, the 4th license was previously held by Telstar but President Joao Lourenço terminated this agreement in April 2019 as the company failed to comply with certain procedures inherent in the operation.
Africell Holding SAL already operates in the Gambia, Democratic Republic of Congo, Sierra Leone, and Uganda. Ziad Dalloul, the company's founder and CEO, sees Angola as a market with high potential.
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
Civil nuclear power has long been a source of controversy, but driven by the energy transition, it is gaining ground globally, reviving both expectations...
Ghana reviewing fuel taxes after recent pump price increases Minister says no decision yet; options include levy reductions Rising global oil prices...
Nosy Iranja is one of the most iconic island destinations in northwestern Madagascar, lying in the Mozambique Channel about an hour and a half by boat...
World Bank to mobilize $550 million for Kenya road project Project to upgrade 508 km, boosting regional trade links Corridor to cut...
Nosy Iranja is one of the most iconic island destinations in northwestern Madagascar, lying in the Mozambique Channel about an hour and a half by boat...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...