Nigeria excluded as Airtel Africa secures $194m loan for investment in 6 African nations

Airtel Africa has secured a $194 million loan from International Finance Corporation (IFC) to invest in its operations across Africa.

The mobile telecommunication giant is expected to utilize the funds to boost its operations in Democratic Republic of Congo, Kenya, Madagascar, Niger, Republic of Congo and Zambia.

The loan, according to a statement issued by the company on Tuesday, would be repaid over a period of eight years.