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IHS Towers Secures Further US$130 million to fund its African Expansion

TOWERSIn a move that will see the firm fuel its continuing African expansion, IHS Holding Ltd., Africa’s largest independent tower company, has raised a further US$130 million in the second tranche of its latest fundraising to accelerate its plans for expansion into new and existing markets in Africa.

This latest round of funding follows the firms March 3rd round of  US$490 million of debt and equity from its existing investors. The firm had also raised over $500 million earlier also for its expansion mission in Africa.

Sam Wakoba
Sam Wakoba
Taking you on tour through Africa's tech and business ecosystem, one story at a time since 2010! Based out of Nairobi, Kenya, Sam is the founder and managing director of Moran Media, which runs, various other digital platforms and a startup incubation hub for Kenya's youthful entrepreneurs. Drop me a mail at [email protected]

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