M&A

QNB takes Ecobank stake

QNB takes Ecobank stake

  • Qatari bank buys 12.5% shareholding in pan-African lender.
     
  • Shares are sold by Asset Management Corporation of Nigeria, which took stake after Ecobank's takeover of Oceanic Bank.
     
  • QNB is now the largest shareholder in Ecobank behind South Africa's Public Investment Corporation.
Helios Towers to raise new debt

Helios Towers to raise new debt

  •  African telecoms tower operator wants acquisition funds for new and existing markets.
     
  • Standard Bank and Standard Chartered are mandated to arrange the deals.
     
  • Move comes shortly after the acquisition of 3,100 towers from India’s Bharti Airtel and the raising of US$630mn in equity.