Pan African Towers gets fresh investments to drive telecom’s growth

Pan African Towers, a digital infrastructure company based in Nigeria, has said it has received fresh investments from Development Partners International (DPI) and Verod Capital to fuel growth and reaffirm its position as Nigeria’s largest homegrown digital infrastructure provider.

Azeez Amida, chief executive officer of Pan African Towers, said the partnership with DPI and Verod will see the company leverage the sector experience and market expertise of both partners to achieve its goals.

Amida said the evolution of Nigeria’s mobile and wireless industry presents significant opportunities for the business, and the company looks forward to being a part of this next chapter of growth.

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“As a proud Nigerian-founded and run business, Pan African Towers is on a mission to accelerate the Nigerian market and support the growth of the mobile telecommunications sector in the country. We also have a clear strategic vision to grow the business sustainably, including actively reducing the carbon footprint of our network to uphold best-in-class Environmental, social, and governance (ESG) practices,” he said.

He further said that Pan African Towers’ experienced management team will work closely with DPI and Verod to accelerate its strategic plan, leveraging their expertise in areas such as market entry, operational efficiency, and talent management.

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Adefolarin Ogunsanya, partner at DPI, said Pan African Towers is an exciting homegrown business with significant potential and is uniquely positioned to benefit from the opportunity presented by Nigeria’s digital innovation boom.

“We are excited to partner with PAT’s management team to help crystallise its vision of becoming Nigeria’s digital infrastructure provider of choice and look forward to sharing our deep knowledge and experience of Africa’s towers industry and the Nigerian market to help achieve this,” Ogunsanya said.