Africa Telecom and Tech IPO Pipeline Swells as Growth Companies Target Public Markets

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Several regional African telecom, technology and internet companies are gaining sufficient scale to target public market flotations in 2016 according to global investment news provider TMT Finance.

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"The next 12 months could see a rebound with IPOs set to reach their highest levels in Africa since 2010, and several TMT companies looking likely to float in 2016 and 2017.

From Nigerian fintech to East African fibre, several exciting and diverse companies are emerging as IPO contenders in Africa’s rapidly growing telecom, media and tech (TMT) sectors, according to specialist news provider TMT Finance.

“Despite global volatility, regional macroeconomic uncertainty, and a rout on commodity prices, recent forecasts are predicting that the next 12 months could see a rebound with IPOs set to reach their highest levels in Africa since 2010, and several TMT companies looking likely to float in 2016 and 2017,” commented TMT Finance News Editor, Ben Nice.

“Africa Internet Group – which runs the Jumia ecommerce brand – just raised a further E75m from Orange, in addition to the recent E300m from investors including Goldman Sachs, MTN and Rocket Internet. The company is the first real African tech unicorn and we understand that it will be targeting an IPO by 2017, and is also on the hunt for a new CFO,” said Nice. “Orange Egypt (formerly Mobinil) is also preparing to list shares in Cairo to fund US$3.2bn investment into infrastructure, and IHS Towers, the Lagos-based mobile tower operator, is also expected to float over the next 12 to 24 months.”

According to TMT Finance, several other companies in Africa are also planning to conduct IPOs in the near and medium term. These include: Dark Fibre Africa of South Africa, Nigerian payment services provider InterSwitch, Africa’s largest independent fibre operator Liquid Telecom, South African media company Primedia.

Over 200 industry and finance executives, including African telecom CEOs, private equity investors and leading international bankers and advisers, are meeting in London on June 14 to assess the latest opportunities for investment at the 7th annual TMT Finance & Investment Africa 2016 conference.

Key session themes for the event include: Africa Telecom Leadership; TMT M&A; Broadband Investment; Mobile Towers; Raising Finance for Africa TMT; Datacentres Africa; Private Equity Africa; Mobile Money and M-Commerce; Digital Africa; Frontier Markets; and Protecting against Emerging Risk.

Speakers announced include key leaders from Millicom, Google, IHS, Helios, Eaton Towers, Avanti Communications, BNP Paribas, Citi, UBS, Standard Bank, IFC, the World Bank, TransferTo, Icolo, Bima, Dentons and Hardiman Telecommunications.

TMT Finance & Investment Africa 2016 is a senior executive networking event bringing together key telecom, media and technology industry decision makers, investors, financiers and advisers. For more information go to http://www.tmtfinance.com/africa

TMT Finance provides exclusive news and events for senior executives active in telecom, media, technology leadership, investment, financing and advisory activity globally.

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TMT Finance
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