Finance

Vantage Capital divests shares in Vumatel

Vantage Capital divests shares in Vumatel
Friday, 08 May 2020 15:46

Vantage Capital is exiting the shareholding of the optical network operator Vumatel. The mezzanine fund manager has spent nearly four years as an investor and shareholder in the company, which is engaged in the provision of optical fiber infrastructure and services to internet service providers.

In 2016, Vantage Capital provided R250 million ($13.4 million) in mezzanine financing to support the expansion of Vumatel’s network.

Vumatel is one of our many success stories, where we have supported businesses with mezzanine debt to achieve their growth ambitions,” said Luc Albinski, co-founder of Vantage Capital.

At the time of its investment, Vumatel had deployed its optical fiber network across 14 suburbs and had about 4,000 subscribers. The number of subscribers has since increased 50-fold.

According to Vantage managers, the company will explore new opportunities in the telecommunications infrastructure sector across the continent, hoping to conclude new investments in this high-potential area in the coming months.

Chamberline Moko

On the same topic
Inflation dropped to 3.2% in March 2026, down from 25.8% a year earlier, marking 15 consecutive months of decline The Ghana Reference Rate was...
(BIDC) - The ECOWAS Bank for Investment and Development (EBID) has approved USD 266.7 million and XOF 30 billion to support a portfolio of strategic...
Nigeria's Senate approved an additional $6 billion in external borrowing on March 31. The news is backed by several reforms that lifted GDP...
Nigeria’s 2026 budget rises to $49.4 billion to fund infrastructure, public services, and carry-over commitments;  $7.7 billion of...
Most Read
01

Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...

Drugmakers ramp up competition in South Africa’s obesity treatment market
02

WAEMU posts 3.31 trillion CFA francs trade surplus in Q4 Exports surge 50.4%, led by gold, ...

WAEMU Trade Surplus Widens to $5.8 Billion in Q4 2025 on Strong Export Gains
03

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
04

Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...

Ethio Telecom Turns to Green Power to Secure Network Expansion
05

First investor town hall since 2021 signals renewed engagement with markets Authorities hi...

Ghana restarts investor engagement as macro recovery firms after default
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.