The board of directors of the US government’s development finance institution Overseas Private Investment Corporation (OPIC), has confirmed that it has approved USD72 million in financing to Kenya’s Wananchi Group Holdings (WGH) to help the company extend high speed broadband services in East Africa. The OPIC loan will allow Wananchi, which offers triple-play TV, telephony and broadband internet services over a hybrid fibre-coaxial (HFC) network under the ‘Zuku’ brand, to roll out infrastructure in countries such as Burundi, Malawi, Rwanda, Somalia, South Sudan, and Zambia
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OVETEL OPIC provides Wananchi with USD72m loan for expansion
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