Telecommunications

Tariye Gbadegesin, Head of Telecommunications and Heavy Industry: "Sub Saharan Africa is often described as the last untapped growth market for telecommunications, where mobile and internet penetration is still on the rise. Indeed, recent reports tell us that the regional telecoms market is set to top US$65bn by 2018.

"Innovative technological developments are disrupting  traditional infrastructure, but we are still far short of where we need to be. AFC's first equity investment was in the Main One Cable system, which links countries on the west coast of Africa to Europe and other parts of the world. Renowned for its reliability, Main One is now the provider of wholesale Internet services to major telecommunications operators, ISPs, government agencies, large enterprises, and educational institutions in West Africa."

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