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World Bank says Arab infrastructure investment threatened by unrest
Bridging a funding gap of up to US$40 billion (Dh146.92bn) a year in infrastructure investment in the Arab world will become more challenging because of the fallout from the recent unrest, says a World Bank official. The bank and other institutions are close to finalising a fund intended to raise up to $1bn for much-needed …
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Private equity group Helios sues S.Africa’s Telkom
JOHANNESBURG (Reuters) – A Nigerian firm backed by private equity group Helios Investment Partners and South Africa’s Shanduka Group is suing South Africa’s Telkom for at least $251 million, a move that could complicate Telkom’s planned sale of its Nigerian unit. According to court documents obtained by Reuters, Helios Towers Nigeria Ltd, which builds and …
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