Nominate female innovators of the year

Rewarding innovation
Female Innovator of
the Year Award.

Saturday, Oct 19th

Vodafone Egypt negotiating $560 million credit line

Vodafone Egypt negotiating 0 million credit line.

Vodafone Egypt, the country's largest mobile carrier, said it was negotiating a 4 billion Egyptian pound ($560 million) credit line with a consortium of seven banks.

"The company is currently in the process of completion of the signing of a credit facility contract," a spokeswoman said via email.

The participating banks are Banque Misr, Commercial International Bank, Bank of Alexandria, HSBC, Barclays Bank, Emirates NBD and QNB Bank.

Vodafone Egypt, majority owned by British mobile operator Vodafone, is the leading communications player by customer numbers in the country of 86 million. It is also 45% owned by fixed-line telecoms firm Telecom Egypt .

The spokeswoman did not say how the cash would be used but Egyptian financial newspaper al-Borsa said it would go towards modernising the company's network and improving services in the face of regular power blackouts.

Egypt is facing its worst energy crisis in decades, with low production and high power consumption, resulting in regular power cuts that have hit private companies, particularly in the industrial sector.


Orange, Global Fund unite to mobilise m-health solutions Published on 10 October 2019

Aim to speed up action against AIDS, tuberculosis and malaria.

NEC XON wins global networking award for innovative African solutions Published on 18 October 2019

NEC XON has won ADVA's Global Partner of the Year award and received the award at its annual Summit held at Sun City in October, 2019.

Vodafone deploys macro Parallel Wireless OpenRAN pilot in DRC, Turkey Published on 07 October 2019

Production trials part of a Telecom Infra Project OpenRAN initiative.