African Infrastructure Investment Managers (AIIM), Adenia Partners and the IFC have partnered to invest a total of $130 million to support Eastcastle Infrastructure, a company specialising in Africa’s telecoms tower sector.

Eastcastle was established in 2020 by Peter Lewis and Pankaj Kulshrestha, the former CFO and COO respectively of Eaton Towers. The funding will support Eastcastle’s build-to-suit strategy, to develop new telecom towers initially in the Democratic Republic of Con...