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Metier-led consortium invests US$36 million into AMN to expand coverage in remote rural Africa

Tour télécoms
A consortium led by Metier, an independent African private equity fund manager, has invested US$36 million into Africa Mobile Networks Ltd (“AMN”). The consortium includes CDC Group (the UK’s development finance institution and impact investor), DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (Germany's development finance institution), Proparco (the private sector arm of the French Development Agency), Mauritius Commercial Bank’s Equity division and other leading financial institutions and investment managers. As part of the transaction, the consortium is also acquiring US$3.5 million of existing shares and in total will own a significant minority shareholding in AMN.
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PROPARCO and Société Générale Cameroun are supporting the development of the first certified green mall in Central Africa

Douala Grand Mall
Like many cities in Sub-Saharan Africa, Douala, the economic capital of Cameroon (4 million inhabitants), is experiencing rapid population growth, especially among the middle class, and a strong urban transformation. Changes in consumer habits and the increase in purchasing power are giving rise to new needs for which a formal, modern and diversified offer is only just beginning to emerge.
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