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.
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
Nigeria is considering creating a Grid Asset Management Company (GAMCO) to manage transmission infrastructure. The move targets a key bottleneck...
The European Union has approved €6 million to support the next phase of Senegal’s regional express train expansion. The funding will help...
Investment firm Phatisa has sold its majority stake in Zambia’s egg producer Goldenlay. Belgian animal feed company Vanden Avenne acquired the...
Egypt has proposed using the SUMED pipeline to help move Saudi crude to Europe. The route would bypass maritime disruptions affecting shipping in...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...