Smile owners, lenders agree on refinancing plan

Smile Uganda, which is a subsidiary of Smile Telecoms Holdings has operations within Kampala and other cities. PHOTO/COURTESY 

What you need to know:

  • The dispute had threatened close to $250m in loans due to Smile Telecoms held in both equity and commercial bank loans. 

Smile Telecoms Holdings shareholders have agreed on a refinancing plan that will see majority owner, Al Nahla Group, commit $51m in fresh capital. 

Welcome!

You're all set to enjoy unlimited Prime content.