Helios Investment Partners and Gemcorp Invest US$116 Million in Africell (Sub-Saharan Africa)

Source(s): Agence Ecofin | Author(s): Idriss Linen

Africa-focused private equity fund manager Helios Investment Partners and global investment firm Gemcorp Capital have reportedly invested US$116 million in The Gambia-based telecommunications company Africell via a syndicated loan. Africell, which operates mobile networks in The Gambia, the Democratic Republic of the Congo, Uganda and Sierra Leone, plans to use the funds to expand its 4G service offerings.