In the Telecommunication Sector report 2020 (“A Transformative Past, Resilient Future”), we opined that the sector would remain resilient as the digital economy would boom during the lockdown. In line with our expectation, this sector powered the economy during the pandemic in 2020 as it grew the fastest by 15.9% y/y and accounted for 12.2% of the GDP. However, the sector is not at full power yet given weak broad-band penetration at 45.0% (although an improvement from previous year), and the huge prospects for mobile money under the right regulatory framework...
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Afrinvest (West Africa) Limited is a leading independent investment banking firm with a focus on West Africa and active in four principal areas: investment banking, securities trading, asset management, and investment research.
Afrinvest owns two operating subsidiaries namely:
• Afrinvest Securities Limited (ASL) which is a broker-dealer and a dealing member of the Nigerian Stock Exchange (“NSE”): and
• Afrinvest Asset Management Limited (AAML) which is licensed as a portfolio manager and is the Fund Manager of two mutual funds listed on the NSE, the Nigerian International Debt Fund (NIDF) and the Afrinvest Equity Fund (AEF).
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