Telecommunications & Technology
The Middle East, Africa, and Asia regions are among the most rapidly growing markets for telecom & technology services. MFC has strong relationships with a wide range of industry participants, including many operators in the rapidly consolidating telecom sector and a diverse set of companies in the growing tech sector. Our track record and deep understanding of many industry verticals, including mobile and fixed telecoms services, satellite services, video programming and distribution, Fintech, Edtech, Agtech and Online Shopping combined with the accelerated digitization of the economy across the Mille East, Africa and Asia provide unlimited investment opportunities.
Millennium Investment Corporation has been active in a variety of countries including United Arab Emirates, Saudi Arabia, Kuwait, Qatar, Iran, Oman, Bahrain, Algeria, Egypt, Tunisia, India, Pakistan, South Africa, Ivory Coast, Senegal, Mali, Togo, Democratic Republic of Congo, Chad, Niger, Cameroon, Nigeria, Kenya, Tanzania, Burkina Faso, and Mauritania.
Our investment strategy in the TMT sector is to establish dedicated private equity funds such as our African Tech fund currently under formation.
Millennium Investment Corporation’s unique access and track record across Africa, the richest continent in the world in terms of natural resources, combined with the goring demand for natural resources driven by globalization creates unique investment opportunities.
Our team’s approach is focused on value creation through:
- Securing mining licenses in Africa.
- Investing capital required to conduct feasibility studies.
- Securing co-investments from global strategic investors.
- Securing financing from banks and off-takers.
- Keeping a minority interest in producing assets.
McKinsey estimates that Africa would require about $490 billion of capital for new generating capacity, plus another $345 billion for transmission and distribution. Sub-Saharan Africa is incredibly rich in potential power-generation capacity with 10 terawatts of potential capacity or more.
Our Energy team is highly experienced and has been involved in numerous strategic transactions, including privatizations, public private partnerships and IPP development across various energy sources (hydroelectric, thermal, and solar).
Millennium Investment Corporation energy project developments consists in:
- Securing IPPs with attractive Power Purchase Agreements.
- Investing capital required to conduct feasibility studies and de-risk the projects.
- Securing strategic and financial partners and keeping a minority interest.