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Business investments


Afrimax Year of entry: 2015
Torreal stake: Minority
Other major shareholders

Mitsui, IFC

Presence in governing bodies: 1 seat on the Board of Directors


Afrimax is a 4G operator, with the ambition of being the leader in Sub-Saharan Africa. Afrimax is already executing the plan of rolling-out a high-quality 4G network in 14 countries, where spectrum is already secured. Afrimax has a regional agreement with Vodafone, which enables the platform to benefit of both the brand and all advantages associated (i.e. know-how, rappels, visibility, etc.).

The target market has a significant attractiveness with very low penetration and barely inexistent fixed network.

The project is leaded by veterans of the sector, with very successful experiences in the development of similar platforms in other emerging regions (Millicom International, Virgin Mobile ME y LatAm).


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