MetroFibre Networx is continuing its aggressive fundraising drive: the company has now secured a R5-billion debt financing package from Standard Bank Group.
Browsing: ARC Investments
African Rainbow Capital is switching to investing in digital banks and financial start-ups, while shunning mining stocks, saying the boom in commodity prices maybe overdone.
African Rainbow Capital Investments plans to offload its remaining stake in fibre network operator MetroFibre Networks.
Rain is participating actively in communications regulator Icasa’s auction of broadband spectrum and expects its business to be a big beneficiary of the process.
Sun Exchange, a South African firm that crowd-sources funds for solar panels and leases them to customers, plans to expand to other countries on the continent.
While plenty has been spoken around ARC’s fee structure, not enough has been asked about its valuation of Rain. By Keith McLachlan.
TymeBank is likely to break even in 2022. Discovery Bank, by contrast, is targeting breakeven in approximately three years’ time.
African Rainbow Capital Investments is planning to expand its portfolio and has entered negotiations to add a fintech conglomerate to the group.
Rain has enjoyed a surge in demand for wireless broadband in the past year thanks to the lockdown and work-from-home measures. It now plans to bid for more spectrum.
South African fibre telecommunications infrastructure company MetroFibre Networx has raised R2.5-billion in new debt financing, led by Investec, adding to the R1.5-billion recently raised from shareholders.