Vodafone Ghana gets $115m IFC loan
Vodafone Ghana, a unit of UK’s Vodafone Plc, has secured a $115 million loan from the International Finance Corporation (IFC), the Reuters News Agency reports.
According to the report today June 13, 2011, the loan is expected to arrive in the country in a couple of weeks.
“The money should flow shortly because Vodafone do need the money quite urgently with regards to expanding their network,” Reuters quoted Mary-Jean Moyo, an International Finance Corporation official in Accra as saying.
The loan is to enable Vodafone Ghana to expand its networks.
By Ekow Quandzie
Great to be white…Buy African asserts for cheap, ask world bank for huge loans,make huge profits in short time and then leave…
The black man paradox..is it we’re lazy or we’re less capable.