Africa Mobile Networks Secures a US$20 Million Loan for Accelerating Deep Rural Connectivity

Africa Mobile Networks has secured a US$20 Million Loan in an effort to bolster deep rural connectivity in the continent.

Africa Mobile Networks has disclosed that they have secured a US$20 Million loan towards bolstering rural connectivity by building mobile towers in deep rural locations.

Sub-Saharan Africa is home to 1.1 billion people, one-seventh of the global population, 62% of which is classified as rural. It is not only the fastest-growing region in the world but also has the world’s largest population percentage that does not have mobile coverage.

According to estimations, more than 300 million people in Sub-Saharan Africa are living in villages which have no usable mobile network service today. We have set out to address this challenge.

Michael Darcy, CEO, AMN

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