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Prospect News home > News index > List of issuers A > Headlines for Africa Mobile Networks Ltd. > News item
Published on 3/28/2023 in the Prospect News Private Placement Daily.

Africa Mobile Networks closes $20 million senior secured loan facility

By Marisa Wong

Los Angeles, March 28 – Africa Mobile Networks Ltd. announced it closed on a $20 million senior secured loan facility. The new financing package is expected to help deliver long-term benefits and finance a rollout of mobile communications towers in rural and ultra-rural Africa.

The facility was provided by BlueOrchard Sustainable Assets Fund and the OP Finnfund Global Impact Fund I.

The transaction was first announced in November.

The company was advised by Qbera Capital LLP and supported by Dentons.

U.K.-based Africa Mobile Networks is a rural telecom provider in Africa.


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