Article
IFC, the private sector arm of the World Bank Group, announced in June 2007 its largest financing to date in Sub-Saharan Africa, a US$320 million package, to five operations of Celtel International (an MTC subsidiary) to help expand and upgrade its fast growing mobile networks in the Democratic Republic of Congo, Madagascar, Malawi, Sierra Leone and Uganda. The investment will result in better quality mobile access in countries with extremely limited telephone services, creating new opportunities for businesses and consumers across the economic spectrum.