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
Africa’s road to high-speed broadband is being achieved in leaps and bounds. Every week brings news of another piece of the jigsaw fitting into place. This week it’s the completion of the national fibre backbone in one of Africa’s larger markets. However, there’s still
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
