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what is COVID-19 COVID-19 is the name given by the  World Health Organization  (WHO) on February 11, 2020  for the disease caused by the novel coronavirus SARS-CoV-2. It started in Wuhan, China in late 2019 and has since spread worldwide. COVID-19 is an acronym that stands for  co rona vi rus  d isease of 20 19 . 

A irtel Africa Plc has listed 3,758,151,504 ordinary shares on the main board of the Nigerian Stock Exchange . The NSE said the shares were listed at an offer price of N363 per ordinary share. It added that the listing of the company’s shares added N1.36tn to the total market capitalisation of the Exchange, further deepening the market. “It will also increase the visibility of Airtel Africa to investors on the continent and across the globe,” the NSE said in a statement. The Chief Executive Officer, Airtel Africa, Mr Raghunath Mandava, said the company was delighted to be listed on the main board of the Exchange.

Airtel Nigeria has signed a five-year loan agreement with a number of Nigerian banks. The telecommunication company, which is set to list its shares on the Nigerian Stock Exchange by July 4 and its African unit on the London Stock Exchange, disclosed this in its offer prospectus. It added that the loan agreement signed on June 17, 2019, the banks would allow it to make a repayment in five years and that they offered the company a two-year moratorium. “Airtel Nigeria entered into a bank facility agreement for an amount of N50bn, which is available for a period of 180 days from the acceptance of the offer and has a tenure of five years inclusive of a twenty-four-month moratorium on the principal amount,” it said. While the purpose of the facility was not stated, the Group described the telecom industry as a capital-intensive one that required substantial amounts of capital and other long-term expenditures. According to Airtel, such expenditures are related t...