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Country

Democratic Republic of Congo

Sector

Telecoms

Senior Debt Provided

US$7.5 million

In 2013, EAIF supported Helios Towers Africa’s (HTA) acquisition of 700 telecommunications towers in the Democratic Republic of Congo. The majority of the towers have been reactivated, refurbished and leased out to a mobile communications provider.

HTA’s strategy is to finance, maintain and improve towers and lease space to multiple users. Tower sharing saves materials and energy and allows users to employ capital in other parts of their businesses. HTA also builds new towers at the request of existing telecom providers. The upgrade programme and the new build activities have created new jobs and grown the DRC’s pool of labour skilled in tower construction, operations and maintenance. The company’s development has expanded mobile communications access and widened the availability of mobile phone signals. EAIF provided a US$7.5 million loan facility to the project, which had a total transaction value of US$75 million.

Other projects

The Emerging Africa Infrastructure Fund has to date invested in 58 projects in 17 countries.

Helios buys and refurbishes 1,000 telephone towers in Tanzania

Country: Tanzania / Sector: Telecoms

Helios Towers Tanzania Ltd raised US$100 million in 2014 to acquire 1,000 telephone towers. EAIF provided a US$10 million loan to the financing. All of the towers will be upgraded, refurbished and let to companies providing mobile phone and allied services, including two anchor tenants.

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First new generation large cement plant for the Democratic Republic of Congo

Country: Democratic Republic of Congo / Sector: Infrastructure Components and Equipment

It is at least 40 years since the Democratic Republic of Congo (DRC) had a new large cement plant. It is a sign of confidence in the economy that a private sector foreign direct investor decided to build a new facility.

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Feeding Nigeria’s food chain

Country: Nigeria / Sector: Agribusiness

Nigeria’s expanding agriculture sector has created big demand for fertiliser. At Port Harcourt, the Indorama Corporation and Indorama Eleme Petrochemicals are building a US$1.2 billion plant to produce 1.4 million tonnes of fertiliser annually.

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