2025 Digital Infrastructure M&A in Sub-Saharan Africa

Perspectives and Insights into the Current Industry Landscape and Prevailing M&A Trends

Sub-Saharan Africa's telecom landscape is rapidly evolving, fueled by rising internet access and population growth. While TowerCo expansion has surged and investments in data centers and fiber networks are rising, progress has been hindered by macroeconomic headwinds.

Key takeaways

  • The digital infrastructure sector is entering a new growth phase, with consolidation in towers and rapid expansion in data centers and fiber, as demand for connectivity and cloud services increases.
  • Macroeconomic and energy challenges remain significant, but they are also driving innovation in renewable energy solutions and new investment models designed to improve affordability and resilience.
  • Investor interest is strong across the region, with global strategics, African telcos and private equity funds pursuing both M&A and greenfield opportunities — South Africa leading consolidation, and Nigeria and Kenya focusing on new builds.

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Published

December 08, 2025

temp Key Contacts

Fede Membrillera

Senior Managing Director, Global Co-Lead of FTI Capital Advisors

Yana Kamburova

Senior Managing Director

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