GJO & Partners

Telecoms & digital infrastructure funding in Africa: investors, tickets and countries

Who finances Telecoms & digital infrastructure in Africa, where, at which stage and with which tickets: every figure below is computed from the funding deals recorded on the platform.

32

deals recorded

5

over 12 months

50 M$

median disclosed ticket

34

identified investors

Key findings

  • 32 funding deals recorded (Telecoms & digital infrastructure) since 2001, involving 30 companies and 34 identified investors. 5 of them over the last 12 months (5 the previous year).
  • Median disclosed ticket: 50 M$; half of the deals fall between 22.5 M$ and 183.5 M$ (23 amounts disclosed out of 32, 6 bn $ in total).
  • Where the money goes: Kenya (25 %), Nigeria (19 %), South Africa (16 %).
  • Most frequent stage: Growth (72 %); most used instrument: Equity (72 %).
  • Most active investors: IFC (International Finance Corporation) (6), Finnfund (5), Helios Investment Partners (5).
  • 41 % of deals are syndicated (at least two investors around the table).

Countries

  • Kenya8
  • Nigeria6
  • South Africa5
  • Ghana2
  • Mauritius2

Industries

  • Telecom towers and fibre15
  • Telecom operators and ISPs12
  • Data centres and cloud5

Stages

  • Growth23
  • Debt6
  • Series C+1

Instruments

  • Equity23
  • Senior debt8

Deals per year

YearDealsDisclosed amounts
20212212 M$
20225488 M$
2023325 M$
20245224.7 M$
20255379 M$
202643.9 bn $

Most active investors

Latest deals

CompanyDateDisclosed amountsLead
IHS TowersTelecom towers and fibre · Nigeria · GrowthAug 20262.2 bn $undisclosedsource
SafaricomTelecom operators and ISPs · Kenya · GrowthJun 20261.6 bn $undisclosedsource
SpectranetTelecom operators and ISPs · Nigeria · GrowthMar 2026undisclosedundisclosedsource
CamtelTelecom operators and ISPs · Cameroon · DebtJan 202678.7 M$Commercial Bank Cameroun (CBC)source
Orange Mali SATelecom operators and ISPs · Mali · GrowthNov 2025undisclosedIFC (International Finance Corporation)source
MawinguTelecom operators and ISPs · Kenya · Series C+Oct 202520 M$Remgrosource
Poa InternetTelecom operators and ISPs · Kenya · DebtAug 20254 M$Finnfundsource
SwiftnetTelecom towers and fibre · South Africa · GrowthMar 2025355 M$Actissource
Fibertime GroupTelecom towers and fibre · South Africa · GrowthMar 2025undisclosedFinnfundsource
Cassava TechnologiesData centres and cloudDec 202490 M$DFCsource
PAIX Data CentresData centres and cloud · Ghana · GrowthJul 202430 M$Africa50source
WIOCC GroupTelecom towers and fibre · Mauritius · DebtJun 202450 M$IFC (International Finance Corporation)source
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See also

Method: published funding deals (press releases, specialised media), recorded by Invest Matching's news monitoring and reviewed before integration. Amounts in US dollars; deals without a disclosed amount count in the totals, not in the medians.