(Business in Cameroon) - Enko Capital, an investment fund co-founded by Cameroonian brothers and financiers Alain and Cyrille Nkontchou, has just acquired 31.5% of Network Industries and Services (NETIS), an Ivorian company specialized in the design, construction and deployment of telecommunications infrastructure in sub-Saharan Africa.
Sources said the investment is part of the $65 million Enko Africa Private Equity Fund. “EAPEF is delighted to have a strong management team of professionals with extensive experience in the telecommunications infrastructure services sector in Africa,” said Cyrille Nkontchou (photo), after the deal was concluded.
The resource provided by Enko Capital will be used to strengthen NETIS' presence in African markets. The transaction benefited from strategic support from the audit firm, Ernst & Young.