Airtel has revealed it would inject US$100 million investment in Rwanda in the next three years.
Airtel’s CEO and Joint MD at Bharti Airtel, Manoj Kholi made the announcement after a meeting with the Rwanda’s President Paul Kagame.
Kholi said the investment would enable job creation in the state while expanding Airtel’s coverage.
“Rwanda is a promising telecommunications market and we are grateful to the Government and people of Rwanda for the support extended to us since our entry into the country,” Kholi commented.
“Our strategy for Rwanda is in harmony with the government’s vision to make telecommunications a priority we plan to work closely with the government to provide access to affordable telecoms products and services across the country,” he went on.
Airtel further intends to upgrade the East African nation’s Internet from 2G to 3G. Most East African countries already have 3G Internets and looking forward to a 4G upgrade.
Rwanda will also benefit from Airtel’s mobile commerce platform – Airtel Money. The service will allow consumers and communities to take advantage of the mobile commerce reality sweeping through the industry by enabling them to conduct a range of financial transactions quickly and easily.
Airtel Africa’s parent company – Bharti Airtel – is a leading integrated telecommunications company with operations in 20 countries across Africa and Asia. The company ranked the fifth largest mobile service provider globally in terms of subscribers, with over 250 million customers across its operations.
Airtel launched in Rwanda in March and the funds would help the company extend its coverage while acquiring new customers.
