BlackRock firms $2bn partnership with UAE-backed fund
BlackRock and recently launched investment fund ALTÉRRA have agreed a partnership which will see the UAE-backed vehicle invest $2 billion in climate finance across BlackRock’s private debt and infrastructure equity strategies
BOAD, AFC ink MoU for west African investment
The West African Development Bank and Africa Finance Corporation have signed an MoU aimed at promoting infrastructure and economic investment across western Africa
Brookfield closes fifth infra equity fund at $30bn
Brookfield Asset Management has closed the fifth iteration of its flagship infrastructure equity fund at $30 billion, the largest fund ever raised by the firm
Tonaquint acquires EdgeX Data Centers, US
Tonaquint Data Centers, a DIF-backed company, has acquired Oklahoma-based EdgeX Data Centers in a bid to expand its presence throughout the south west US and West Mountain region
MoU signed on African East to West fibre project
Smart Africa Alliance, Africa50 and Bayobab – previously MTN GlobalConnect – have signed an MoU to support the fibre optic cable Project East to West
Spectrlite acquires Ncell from Axiata
Spectrlite has acquired Axiata’s 80% stake in Ncell Axiata holding company, Reynolds, for a fixed consideration of $50 million. The transaction marks the completion of Axiata’s plan to withdraw from Nepal, after concluding that the continuation of its operations in the country had become unsustainable
Mitratel buys 803 telecom towers in Indonesia
Mitratel, Indonesia’s largest telecommunications firm, has purchased 803 towers for around $113 million