Gemcorp Capital has led a $105 million financing for Africell, the fast-growing pan-African mobile network operator. This direct lending transaction will deliver flexible firepower to support the company’s growth across both existing and new markets.

The loan facility is syndicated to a group of blue-chip international financial institutions. The syndicate consists of a mix of new and existing lenders to Africell. The facility was structured and anchored by Gemcorp Capital, with Gram...