14 Sep Burundi: Onamob to modernize and expand its network with $ 30 million loan from Huawei
The Burundian government has decided to modernize and extend the network of the National Telecommunications Office (Onamob). On the one hand, this operation will enable the subsidiary of the National Telecommunications Office (Onatel) to offer the population better telecommunication services. On the other hand, this modernization and network extension will give it the assets to compete with private mobile operators, and record better revenues.
According to Philippe Nzobonariba, the secretary-general and spokesman of the government, the project to equip Onamob with technical means that will enable him to achieve great ambitions, will be financed thanks to a loan from Huawei International Limited. The Chinese company has put a US $ 30 million envelope at the disposal of the government. This loan, which is repayable over a period of 10 years, represents “a survival investment” , he said.
Onatel’s mobile network, built in 2004, was first extended in 2009-2010. Then, nothing came along as new competitors came on the market with modern and efficient equipment. Today, the public company struggles to fight with Econet Leo, Tempo Africell, Onatel and Smart Mobile, and Lumitel.
Source: Agence Eciofin