Nigeria: Visa to clinch its entry into the capital of Interswitch (Mitchell Elegbe, Helios, TA Associates, IFC) by early 2020
The investment gives the Nigerian electronic payments company a market capitalisation of $1bn. It is being pursued before a likely IPO and is a clear sign of the growing interest of U.S. giants in the sector for development opportunities in Africa.
13/11/2019 at 16h44, by Africa Business+
Visa Inc. has recently signed an agreement with the founder and the private equity funds which control Interswitch Limited for the acquisition of a “significant minority stake” in the capital of the company which aims to achieve geographical reach across the entire continent.
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