AfCFTA Adjustment Fund achieves milestone with $10 million investment in Telecel Global Services
16 July 2025
The African Continental Free Trade Area (AfCFTA) Adjustment Fund has announced the successful closing of its first major investment, committing US$10 million to Telecel Global Services, a provider of wholesale voice, SMS, and enterprise connectivity solutions. The transaction, executed through a senior secured amortising loan, represents a significant milestone in the operational realisation of the Fund.
The Credit Fund is one of three distinct funds established under the broader AfCFTA Adjustment Fund initiative, which was created by the AfCFTA Secretariat in partnership with the African Export-Import Bank (Afreximbank). Its mission is to deliver targeted transitional support to AfCFTA member states and private sector entities, helping them adapt to the evolving landscape created by the trade agreement.
Find out more AfCFTA Adjustment Fund grants $10 million loan to Telecel Global Services
14 July 2025
The African Continental Free Trade Area (AfCFTA) Adjustment Fund has approved a $10 million loan to Telecel Global Services, to support the continent’s digital and trade integration efforts. This loan marks the fund's inaugural transaction.
Structured as a senior secured amortizing loan, this financing aims to bolster Telecel’s expansion in Ghana and Liberia, enhance infrastructure, and help bridge Africa’s digital divide by increasing connectivity and digital inclusion. The initiative is expected to reduce trade barriers, improve cross-border productivity, and foster inclusive industrialization - cornerstones for the success of the AfCFTA.
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Ghana orders MultiChoice to cut DSTV prices by 30%
11 July 2025
The Ghanaian government has directed MultiChoice Ghana to reduce DSTV subscription fees by 30%, citing the recent strengthening of the Ghanaian cedi and widespread dissatisfaction among consumers over current pricing and content offerings.
This move reflects mounting pressure on MultiChoice, which has faced revenue declines and subscriber losses across Africa.
Find out more Chadian Government prepares to revive Salam
10 July 2025
The government of Chad is taking steps to revive Salam, the country’s former public mobile operator backed by the Chadian Telecommunications Company (SOTEL). A key initial move will see the launch of 200,000 SIM cards in the coming days, signalling a renewed effort to re-establish the operator’s presence in the market.
The announcement was made by Boukar Michel, Chad’s Minister of Telecommunications, Digital Economy, and Digitalisation, during a meeting held at SOTEL’s headquarters in N'Djamena. The meeting brought together SOTEL staff and senior management to assess the company’s current challenges and discuss strategies for its recovery.
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