AXIAN invests in ADP III in its ambition of being key partner in Africa’s economic transformation

AFRICA – AXIAN, a diversified group with a presence in 5 high growth business sectors: real estate, energy, financial services and innovation, has committed an undisclosed amount to the African Development Partners III (ADP III) investment fund managed by Development Partners International (DPI). Through this participation, AXIAN intends materializing its ambition of being a key partner in Africa’s economic transformation. DPI’s presence via its investee companies, provides a unique perspective and access to deal activities occurring across the continent. “This investment platform will allow us leverage on relationships and open-up…

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Ethiopia receives 12 bids from major telecoms for two telco licences

ETHIOPIA – 12 major telecom operators have shown interest in two licences that the Ethiopian Communications Authority (ECA) plans to award to multinational mobile companies, breaking the state monopoly. On its statement ECA said it has received complete information and expression of interest from the Global Partnership for Ethiopia (a consortium of telecom operators made of Vodafone, Vodacom, and Safaricom), Etisalat, Axian, MTN, Orange, Saudi Telecom Company, Telkom SA, Liquid Telecom, Snail Mobile, and the two non-telecom operators, Kandu Global Telecommunications and Electromecha International Projects. The prospective bidders were given…

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