Burundi’s U-COM gets expansion loan

BURUNDI

|
Image: By Leo
Burundi’s U-COM gets expansion loan

U-COM Burundi has secured a USD25 million World Bank loan for network expansion.

UCOM, formerly Telecel-Burundi, operates with the brand name Leo. It is owned by Orascom Telecom of Egypt through its Telecel Globe holding company.

It will use the loan to expand its network coverage in the country, rolling out into rural and remote areas of Burundi where mobile phone service is not available.

U-Com Burundi manager Raymond Laforce said the financing would allow the company to embark on ambitious expansion plans.

Leo Burundi has about 60% of the Burundi market.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE BURUNDI NEWS

World Bank approves $100m Burundi hydropower grant

The World Bank’s Board of Executive Directors has approved a US$100 million grant to the Republic of Burundi to finance the Jiji and Mulembwe hydropower project. Read More

ITU, Nexpedience partner on broadband

ITU Secretary-General Dr Hamadoun Touré Nexpedience will provide 180 new base stations in six nations as part of a project to improve African broadband access. Read More

EACO meets on East African telecoms

The regulators of the EAC are meeting in Burundi for talks on developing telecoms and broadcasting in the region. Read More

EA seeks new industrial policy

East African industrialists are meeting in Bujumbura to formulate an action plan on regional industrial growth. Read More

LAP Green shows expansion plan

LAP Green Networks' footprint LAP Green Networks has indicated plans to expand its presence soon. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

IHS plans to inject fresh $500m to grow capacityIHS plans to inject fresh $500m to grow capacity

Mohammed Darwish, managing director of IHS Towers, says the firm will soon inject another $500million into the business after raising some $2.5billion to finance expansion drives. Darwish spoke with biztecafrica.com in Lagos.

IN DEPTH

As curtain falls on MDGs, what next?As curtain falls on MDGs, what next?

Dr. Bjorn Lomborg, president of the Copenhagen Consensus Centre, speaks to Biztechafrica about setting smart targets.

COMPANY NEWS

MTN Business expands partnership with Samsung to offer enterprise customers increased security

Samsung Electronics South Africa has announced that MTN Business has been appointed as a reseller of Samsung’s KNOX licenses to its customers.