Burundi’s U-COM gets expansion loan
BURUNDI| Nov. 17, 2011, 10:36 a.m.
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.
MORE BURUNDI NEWS
World Bank approves $100m Burundi hydropower grantThe 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 broadbandNexpedience 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 telecomsThe regulators of the EAC are meeting in Burundi for talks on developing telecoms and broadcasting in the region. Read More
EA seeks new industrial policyEast African industrialists are meeting in Bujumbura to formulate an action plan on regional industrial growth. Read More
FEATURED STORYInnovative designer takes e-waste to another level
Gladys Muyenzelwa is a Gaborone based artist and designer who has an eye for ethnic and contemporary design. But unlike other designers, Muyenzelwa has found a way of using e-waste to make her creations.
BEST READ NEWS
IN DEPTHHigh tech homes: Just press play
High tech, digital homes where everything is automated and connected aren’t the stuff of science fiction any longer, says BNC Technology.
COMPANY NEWSLuba Freeport streamlines its sea of paper with Sage X3
Luba Freeport has implemented the Finance and Distribution modules of the Sage X3 business management solution to automate its business processes across finance and operations.