{"id":466786,"date":"2019-08-27T16:37:57","date_gmt":"2019-08-27T15:37:57","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=466786"},"modified":"2019-08-27T16:37:57","modified_gmt":"2019-08-27T15:37:57","slug":"nigeria-africa-finance-corporation-lends-us-230-million-loan-to-9mobile","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2019\/08\/27\/nigeria-africa-finance-corporation-lends-us-230-million-loan-to-9mobile\/","title":{"rendered":"Nigeria: Africa Finance Corporation Lends US $ 230 Million Loan to 9mobile"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Nigerian telecommunications company 9mobile announced on Sunday (August 25th) a $ 230 million loan from Africa Finance Corporation, a multilateral financial institution specialized in financing infrastructure projects in Africa.<\/p>\n<p>The announced amount, divided into two tranches, will enable 9mobile to pay off existing debt, finance its costs and invest in growth.<\/p>\n<p>&#8220;We can only express our gratitude to the AFC for approving this loan facility which will not only contribute to the sustainability of our business, but also to its growth to better serve our many loyal customers in Nigeria. We have completely revised our operational, regulatory, financial and technical architecture to ensure we deliver quality services and this facility will go a long way in providing the best services to Nigerians, &#8220;said 9mobile Chairman Ado Bayero.<\/p>\n<p>The telecommunications company is the fourth largest telecom operator in Nigeria and was owned by the telecommunications company Etisalat, based in Abu Dhabi, before being sold in 2018 for non-payment.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Nigerian telecommunications company 9mobile announced on Sunday (August 25th) a $ 230 million loan from Africa Finance Corporation, a multilateral financial institution specialized in financing infrastructure projects in Africa. The announced amount, divided into two tranches, will enable 9mobile to pay off existing debt, finance its costs and invest in growth. &#8220;We can only express<\/p>\n","protected":false},"author":527297,"featured_media":466790,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11996,16068,12036],"tags":[3330,38],"class_list":["post-466786","post","type-post","status-publish","format-aside","has-post-thumbnail","category-finance-en","category-fintech-telecom","category-sectors","tag-africa-finance-corporation","tag-nigeria","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria: Africa Finance Corporation Lends US $ 230 Million Loan to 9mobile - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2019\/08\/27\/nigeria-africa-finance-corporation-lends-us-230-million-loan-to-9mobile\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria: Africa Finance Corporation Lends US $ 230 Million Loan to 9mobile\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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