GJO & PartnersInvest Matching

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.

24

deals recorded

2

over 12 months

35 M$

median disclosed ticket

19

identified investors

Key findings

  • 24 funding deals recorded (Telecoms & digital infrastructure) since 2001, involving 22 companies and 19 identified investors. 2 of them over the last 12 months (3 the previous year).
  • Median disclosed ticket: 35 M$; half of the deals fall between 20 M$ and 175.3 M$ (16 amounts disclosed out of 24, 2 bn $ in total).
  • Where the money goes: Kenya (29 %), South Africa (17 %), Nigeria (17 %).
  • Most frequent stage: Growth (83 %); most used instrument: Equity (79 %).
  • Most active investors: Helios Investment Partners (5), IFC (International Finance Corporation) (5), Finnfund (4).
  • 25 % of deals are syndicated (at least two investors around the table).

Countries

  • Kenya7
  • South Africa4
  • Nigeria4
  • Ghana2
  • Angola1

Industries

  • Telecom towers and fibre11
  • Telecom operators and ISPs9
  • Data centres and cloud4

Stages

  • Growth20
  • Debt3
  • Series C+1

Instruments

  • Equity19
  • Senior debt5

Deals per year

YearDealsDisclosed amounts
20212212 M$
20225488 M$
2023325 M$
2024130 M$
20255379 M$

Most active investors

Latest deals

CompanyDateDisclosed amountsLead
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$Actissource
Fibertime GroupTelecom towers and fibre · South Africa · GrowthMar 2025undisclosedFinnfundsource
PAIX Data CentresData centres and cloud · Ghana · GrowthJul 202430 M$Africa50source
NetisTelecom towers and fibre · GrowthNov 2023undisclosedAmethissource
CSquaredTelecom towers and fibre · Uganda · GrowthNov 202325 M$Convergence Partnerssource
Pan African TowersTelecom towers and fibre · Nigeria · GrowthJan 2023undisclosedDPI (Development Partners International)source
IXAfricaData centres and cloud · Kenya · GrowthDec 2022undisclosedHelios Investment Partnerssource
Africa Mobile NetworksTelecom towers and fibre · Nigeria · DebtNov 202220 M$Finnfundsource
iENG GroupTelecom towers and fibre · Mauritius · GrowthApr 202220 M$BluePeak Private Capitalsource
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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.