Malagasy tycoon Hassanein Hiridjee’s group secures $30-million facility for energy expansion
Under Hiridjee, AXIAN Group has become Madagascar’s leading energy producer.
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Under Hiridjee, AXIAN Group has become Madagascar’s leading energy producer.
Axian Telecom, a subsidiary of Hiridjee’s conglomerate, hopes to use the funds to support its operations in Tanzania and Madagascar.
Under Hiridjee, AXIAN Telecom has achieved remarkable growth through active acquisitions and substantial network investments since 2015.
Hiridjee and his Axian Group have executed a few telecom deals in Africa in the last few years.
AXIAN Group is now recognized as Madagascar’s top energy producer.
As many as 45,000 households and businesses will be connected to the power grid.
AXIAN Group is a Malagasy-based pan-African conglomerate.
Hiridjee is one of Madagascar’s wealthiest and most powerful business leaders.
Hiridjee controls AXIAN, one of Madagascar’s largest conglomerates.
Aziz had a net worth of $900 million in 2015.
Axian group has grown to become Madagascar’s leading solar energy producer under the leadership of Hiridjee.
The deal fits perfectly with AXIAN Telecom’s ambitious growth plan.
Hiridjee said the transaction’s success reflects AXIAN Telecom’s resilient business model.
Following the deal, Eydon Petroleum’s operations will be integrated into Axian’s existing portfolio.
The investment highlights the group’s commitment to projects bolstering the global transition to renewable energy.
Millicom has announced an agreement to sell its Tanzania operations for an undisclosed amount to a consortium led by Axian Group.