Infrastructure projects blended finance firm the Emerging Africa and Asia Infrastructure Fund (EAAIF) has invested $28-million in the oversubscribed $300-million capital market maiden bond issue for mobile network operator Africell, which will support the roll-out of digital infrastructure across four countries. The proceeds will support capital expenditure growth across Africell’s subsidiaries in Angola, the Democratic Republic of Congo (DRC), The Gambia and Sierra Leone.
