Looking to new horizons to support Africa’s digital economic development
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In August, the Emerging Africa Infrastructure Fund (EAIF) announced it had closed a deal with Helios Towers Africa (HTA). Three elements of the closure gave me particular pleasure. First, it’s the fifth time EAIF has helped HTA grow its business and bring its entrepreneurial drive and commercial acumen to offering better and more competitive telecommunications products to its markets. Secondly, it was the first deal to be closed by Investec Asset Management since it won the mandate to manage EAIF earlier this year. Thirdly, and by far the most important reason is that the investment will help transform lives in the Democratic Republic of Congo, where HTA has acquired some 950 towers that it will upgrade to improve reach and capacity.