Adenia Partners, AIIM and IFC led a $130m funding round in Eastcastle Infrastructure.

Adenia Partners, Africa, African Infrastructure Investment Managers, and IFC, a member of the World Bank Group, led a $130m funding round in Eastcastle Infrastructure, a company specializing in Africa’s telecoms tower sector. “Eastcastle meets a clear need for additional towers as operators look to extend and upgrade their networks and boost their offering, with demand notably strong in Africa. Eastcastle will play a key role in filling infrastructure gaps, by helping networks provide coverage and services both more efficiently and over a wider area. We are pleased to partner with a deeply experienced, well reputed and highly capable team to make this venture a success," Stephane Bacquaert, Adenia Managing Partner.