TechCabal Daily – Refinancing obligations

Good morning ☀️ ️ In SA, a national strike is on the horizon after negotiations between the government and public sector unions on salary increases deadlocked. In today's edition: Nigeria's communications minister TC Insights Airtel takes $500 million loan to refinance obligations “One of Airtel’s goals in the last two years has been to reduce its debts... But there’s also the fact that it is preparing for bond repayments. The company has a repayment of $890 million due in May as well as another instalment of $505 million is due in March 2023.” That’s an excerpt from a story I wrote three weeks ago about Airtel’s attempts to reduce its debts in the last year. Despite selling off a few of its network towers and raising money from an IPO, the company still has quite a few obligations.