Medu Capital Invests in HeroTel (Sub-Saharan Africa)

Source(s): Africa Capital Digest

South Africa-focused private equity firm Medu Capital has acquired a 15 percent stake in South Africa-based wireless broadband internet service provider Hero Telecomms (HeroTel) for ZAR74.25 million (approximately US$5.75 million). With Medu’s support, HeroTel plans to fund its ongoing acquisition plans.