Clifford Chance advised Africell Holding Limited in respect of a financing being provided by the United States Development Finance Corporation.
Africell is a key player in the African telecommunication space and one of the fastest-growing mobile telecommunications operators in Africa. Africell currently operates in four African countries: Uganda, Democratic Republic of Congo, the Gambia and Sierra Leone and has since established itself as the market leading operator in The Gambia and in Sierra Leone while rapidly growing its operations in the Democratic Republic of the Congo and Uganda.
The financing will help fund the development and expansion of its mobile network operations and general telecommunications infrastructure investments in its operating countries (including expansion of its fintech services, such as mobile payments, micro-insurance and micro-finance and upgrades to, and expansion of its 2G, 3G and 4G networks as well as acquisition of a 4G license in the Democratic Republic of Congo).
The Clifford Chance team was led by London-based partner Leonard Cleland (Picture) and senior associate Kayode Oladipo, with the support of Evan Cohen, Daniel Winick, Leah Edelboim, Chiemaka Chukwu and Rob Richardson in New York and Washington D.C.
Involved fees earner: Chiemaka Chukwu – Clifford Chance; Leonard Cleland – Clifford Chance; Evan Cohen – Clifford Chance; Leah Edelboim – Clifford Chance; Kayode Oladipo – Clifford Chance; Rob Richardson – Clifford Chance; Daniel Winick – Clifford Chance;
Law Firms: Clifford Chance;
Clients: Africell Holding Limited;