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.
Telecel Global Services, a subsidiary of Mauritius-based Telecel Group, supplies wholesale voice, SMS, and enterprise connectivity solutions to over 250 telecom operators across Africa. This investment aligns with the broader objectives of the AfCFTA Adjustment Fund, which was created to assist countries and private companies navigate the economic shifts brought by the continental free trade agreement.
AfCFTA Secretary General Wamkele Mene highlighted the significance of this transaction: “this demonstrates how the Adjustment Fund is beginning to fulfill its role in supporting states and the private sector. By investing in digital infrastructure, we are addressing some of the most critical factors for trade facilitation, industrialization, and the development of regional value chains.”
