Standard Bank, Africa’s biggest bank by assets, says it has partnered with Safaricom, Kenya’s largest telecommunications provider, to provide funding of US$138 million as part of investment towards operator Safaricom Ethiopia.
Aramco Digital, the technology subsidiary of Saudi petroleum and natural gas company Aramco, is widely reported to be in talks to invest about US$1 billion in telecommunications software maker Mavenir.
Finnish development financier and impact investor Finnfund says it has closed a US$5million equity investment with Netwey, a Mexican internet service provider (ISP), to expand its fibre optic network and improve internet accessibility.