Investment – Extensia-ltd

More Africa NewsCongo: Yves Castanou, CEO of Congo Telecom, looking for financial partners to develop the public operator

October 20, 2021by myles0

Since April 2020, Congo Telecom has a new general manager. Last January, he presented his ambitious plan for a profound transformation of the incumbent operator. He has since taken various actions to achieve his ambitions. Yves Castanou, the managing director of Congo Telecom, revealed to Léon Juste Ibombo, the Minister of Posts, Telecommunications and the Digital Economy,...

More Africa NewsMTN eyes LTE expansion in Eastern Cape with R170m investment

August 5, 2021by myles0

Over the past month, mobile operator MTN has announced it has made over half a billion rand investment to boost its network in several provinces across SA. Yesterday, MTN announced an additional R170 million investment in the Eastern Cape “to offer consumers and businesses greater access to the world of digital opportunity in this important...

More Africa NewsMTN to invest USD1.5bn in broadband; licence renewal still pending

August 5, 2021by myles0

MTN Nigeria, the country’s largest mobile operator by subscribers, plans to invest NGN600 billion (USD1.5 billion) over the next three years to expand broadband access in the West African nation, Reuters cites the firm’s CEO Karl Toriola as saying. As part of a rural connectivity programme, MTN plans to connect approximately 1,000 rural communities to its network this year and...

More Africa NewsFund manager Metier leads $ 36 million investment in Africa Mobile Networks

July 22, 2021by myles0

After the acquisition in 2020 of the American communications technology provider Range Networks, Africa Mobile Networks, which builds and operates mobile network base stations in rural areas in Africa, has opened up its capital to a group of foreign investors. Fund manager Metier led a $ 36 million investment in Africa Mobile Networks (AMN), the fifth largest...

More Africa NewsInvestors look to capitalise on Ghana’s datacentre market growth

July 14, 2021by myles0

After investing in Ghana’s Onix Accra 1 datacentre, Africa focused data storage and last mile internet company Africa Infrastructure Investment Managers (AIIM) is to install an internet exchange point (IXP) at the facility in a bid to capitalise on the country’s low colocation penetration capacity. The Onix Accra 1 is a major carrier-neutral Tier IV...

More Africa NewsAngola: Movicel shareholder structure revamped

July 8, 2021by myles0

Angolan private sector investment company GAFP Investimentos e Participacoes (GAFP) has become the largest shareholder in the country’s second largest mobile operator Movicel, with a 38% direct stake, Expansao reports. Furthermore, state-owned fixed line operator Angola Telecom (AT) has retaken the 18% stake in Movicel it previously relinquished. Movicel owes significant debts to AT, which had threatened...

More Africa NewsCell C in talks with RMB, Investec for R4-billion in funding

July 1, 2021by myles0

Cell C is in advanced talks with Rand Merchant Bank and Investec to provide it with about R4-billion rand in fresh capital, according to people familiar with the matter. South Africa’s fourth largest mobile phone provider, partly owned by Johannesburg-listed Blue Label Telecoms, is nearing the end of a recapitalisation plan to pay down debt, said...

More Africa NewsJoint investment of US$130m into Africa’s telecommunications tower market

June 30, 2021by myles0

African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, Adenia Partners (Adenia), a private equity firm investing in Africa, and IFC, a member of the World Bank Group, have partnered to invest a total of US$130-million to support Eastcastle Infrastructure (Eastcastle), a company specialising in Africa’s telecoms tower sector. Eastcastle...

More Africa NewsTanzania: Digital Economy Blueprint Coming

June 18, 2021by myles0

The government is set to strengthen Tanzania’s performance on the digital front by investing more in scaling up the digital economy and providing a conducive environment to enable e-commerce businesses to thrive. This digital focus has prompted the government to come up with the national digital economy blueprint that is yet to be rolled out....

More Africa NewsEthiopia: call for expressions of interest for 40% of Ethio Telecom officially opens on June 15

June 15, 2021by myles0

The liberalization of the Ethiopian telecoms market has finally entered its second phase. The partial privatization of the incumbent telecommunications operator is underway. Deloitte Consulting, a firm selected in July 2020 to support the government in this stage, is in the driver’s seat. The Ethiopian Ministry of Finance and the Public Administration and Enterprise Management Agency (PEHAA)...

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