PROJECT

Projects

Summary of Investment Information

Project Number

47640

Company Name

CI NETIS

Date SPI Disclosed

Apr 21, 2023

Country

Africa Region

Region

Africa

Projected Board Date

Jun 15, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 22, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jun 9, 2023
Signed : Jun 22, 2023
Invested : Nov 17, 2023

Sector

Growth Equity Fund

Project Description

 IFC proposes an equity co-investment in Netis. The co-investment will be made through a Mauritius investment vehicle alongside Amethis Fund II. Netis is a turnkey service provider for telecom networks, including installation and maintenance services for Mobile Network Operators (MNOs), Telecom Tower companies (Towercos), Fiber Optics players (FO players) and Original Equipment Manufacturers (OEMs)                                                  

Associated Advisory Engagement

                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation