Helios Towers Africa Ltd (IFC-34963)

  • Africa
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 19, 2014
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Helios Towers Africa Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Communications
  • Construction
  • Finance
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 110.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 450.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 11, 2017

Disclosed by Bank Apr 4, 2014

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
This project finances an equity investment in Helios Towers Africa Limited which acquires, builds and operates telecommunications towers in Sub-Saharan Africa (excluding Nigeria) in order to help further its expansion in existing and new markets in the region.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
IFC intends to provide up to US$35 million in the form of equity for its own account. In addition, the IFC African, Latin American and Caribbean Fund, managed by the IFC Asset Management Company, is considering an up to US$75 million equity investment in Helios Towers Africa Limited. Helios Towers Africa Limited is a Mauritian registered entity established to hold ownership interests in operating subsidiaries across Africa. The company’s sponsors are Helios Investment Partners, Soros Fund Management, Rothschild Investment Trust, and Albright Capital Management. Helios Investment Partners is invested through its Helios Investors II L.P. fund in which IFC has also invested. Helios Investment Partners is a private equity investment firm that is focused on Sub-Saharan Africa. The firm was founded and is managed by African nationals, formerly Principals of Texas Pacific Group. Helios Investment Partner’s investment approach combines private equity skills with hands-on operational involvement in portfolio companies.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Helios Towers Africa LLP 4th Floor | 190-192 Sloane Street London SW1X 9QX United Kingdom Tel +44 207 871 3670 Email: mailto:info@heliostowersafrica.com ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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How it works