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The Infrastructure Consortium for Africa (ICA) announced a 24 per cent leap in infrastructure financing in Africa in 2018, surpassing US$100bn but gaps remain Launched on 12 November at the Africa Investment Forum, the ICA’s Infrastructure Financing Trends in Africa 2018 report shows that financing of infrastructure in Africa reached a new high of US$100.8bn...

EFG Hermes, a financial services corporation in Frontier Emerging Markets, has concluded advisory to Helios Towers, a telecom tower infrastructure company in Sub-Saharan Africa, on its £288m ($367.18) initial public offering (IPO) on the London Stock Exchange (LSE). EFG Hermes, a financial services corporation in Frontier Emerging Markets, has concluded advisory to Helios Towers, a...

Airtel Tanzania losses narrowed to $15.94 million last year from $47.1 million in 2017, the telecommunication firm’s financials have revealed. Despite the improved performance, the loss increased Airtel’s accumulated losses in Tanzania to $436.6 million. The company’s revenues dipped to $202.6 million in 2018, from $212.9 million the previous year, its annual report shows. The...