This content is from: Innovation

Zain Iraq Secures $400M World Bank Loan

Mobile phone operator, Zain Iraq, has secured a $400 million loan.

Mobile phone operator, Zain Iraq, has secured a $400 million loan, Reuters reports. Zain Iraq has received the seven-year debt facility from the World Bank’s investment arm, the International Finance Corporation (IFC).

The proceeds will help Zain Iraq expand and improve telecommunications services in Iraq. Zain Iraq, which is the Iraqi unit of telecom company Zain, has 12 million customers in Iraq.

Click here for the story from Reuters.

Click here for the additional coverage from Zawya.

Related Content