Trump administration to lend $100 million to Africell, countering Huawei in Africa

WASHINGTON: The Trump administration will lend nearly $100 million to Africell, Africa’s only American-owned telecoms firm, as it seeks to counter the expansion of China’s Huawei in Africa, according to a person familiar with the matter and a draft press release reviewed by Reuters.

The loan from the Export-Import Bank to Africell will “enable Africell to invest in the latest mobile network ‌technology from American ⁠and ⁠allied suppliers,” according to the draft release, which is due to be issued later on Friday.