US-based Everstrong Capital in Kenyan mobile tower deal

SealTowers Limited, a licensed Kenyan mobile tower company, and Everstrong Capital have announced the signing of an agreement that will see Everstrong making a majority equity investment in SealTowers. This investment, structured through the Everstrong Kenya Infrastructure Fund, will form part of the $12.5 million financing required to facilitate a tower roll-out programme with a target of reaching 200 tower sites in the next two years.

The Everstrong Kenya Infrastructure Fund is a $50...

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