The International Finance Corporation, which forms part of the World Bank Group, and related funds managed by the IFC Asset Management Company are buying a 18% stake in South Africa- and US-listed technology group Net1 for US$107,7m (about R1,6bn). IFC has agreed to
African cellular tower specialist Eaton Towers has secured US$60m in debt financing from Standard Bank’s Stanbic Uganda unit and the International Finance Corp (IFC) to build and develop new and existing telecommunications towers in Uganda. The financing includes a
Convergence Partners, a telecommunications investment vehicle controlled by Dimension Data Africa chairman Andile Ngcaba, has secured $35m in equity investment from the International Finance Corporation (IFC) for a new communications infrastructure fund. It will use the fund, which
Data centre operator Teraco Data Environments has secured a further R158m in funding. The financing includes both equity and debt, with the World Bank’s International Finance Corp and the Development Bank of Southern Africa
