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AFRICA ATTRACTS $450 MILLION FOR TELECOM INFRASTRUCTURE
Helios Towers Ltd, a UK-based telecommunications company with investments in Africa plans to invest $450 million of newly raised capital into African countries like Ethiopia. The privatisation of the nation’s telecom industry is seeing the surge of foreign direct investments into the country.
The horn of Africa – Ethiopia, continues to lead Africa as an investment destination for foreign capital. The country has a very stable government, and has implemented policies that is making it a desirable investment destination. While Ethiopia is the immediate focus, Helios is also looking for opportunities in nine other African countries including Morocco, Egypt and Madagascar.
SOURCE: Bloomberg | African Report | WeeTracker