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The Independent UK
The Independent UK
National
Brittney Donovan

Trump admin loans $100 million to US-owned business in Africa to stave off China

In a bid to expand the American technology footprint across Africa and counter Chinese market dominance, the Trump administration has issued a $99.6 million loan to Africell, the continent’s sole U.S.-owned mobile network operator.

The financial backing, provided by the U.S. Export-Import Bank, was confirmed by the company on Friday.

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