NEW: Introducing Tap. Addictive chat stories for your 📲 Now in 10 languages
African investment news - Sam Darwish, Prakash Hinduja and Jakob Thomasen

African investment news - Sam Darwish, Prakash Hinduja and Jakob Thomasen

25 Reads 0 Votes 1 Part Story
africastory By africastory Updated Nov 12, 2015

Sam Darwish is a well-known and accomplished businessman not only in Nigeria, but all over the African continent and the company he helped co-found; IHS Towers is the largest telecoms infrastructure business in Africa, Europe and the Middle East. Sam and his team have recently been credited with securing over $2 billion in equity for IHS, both from new and existing shareholders, which has been re-invested into the business. Sam Darwish believes that this level of significant investment from both foreign and local investors indicates that African telecommunications will continue to grow and develop as a major industry in the future. Sam Darwish highlights: ”IHS’s recent successful capital raise shows that we continue to create enormous value for our stakeholders. The contribution of our investors significantly strengthens our position and the ability to move into the next phase of growth and development with confidence. We are clear in our ambition to play a leading role in the creation of the widest, most efficient and reliable mobile networks in Africa. The social and economic benefits to the local economies where we operate are significant.”

No comments listed yet.