Nigerian tycoon Temitope Lawani's Helios unveils $75 million share buyback
Helios Towers approves a $75 million share buyback as its African and Middle East telecom portfolio strengthens.
Skip to content
Helios Towers approves a $75 million share buyback as its African and Middle East telecom portfolio strengthens.
Helios Towers, backed by Nigerian investor Temitope Lawani, posted $634.5 million in nine-month revenue as it shifts focus to cash flow and payouts.
Helios is preparing to sell its remaining stake in Axxela, marking a major shift in Temitope Lawani’s investment focus.
Helios secures $50 million from IFC and Proparco to scale Africa’s sports and entertainment sector through investments in events, media rights, and infrastructure.
The merger of Vivo Energy and Engen marks a significant development in the African energy sector.
Vivo Energy is partially owned by Lawani, the co-founder and managing partner of Helios Investment Partners.
Lawani holds a direct 1.55-percent stake in Vivo Energy.
Helios Investment is one of the largest Africa-focused private investment firms.
Rand Merchant Bank and Standard Chartered Bank arranged and coordinated the ESG-linked capital call facility.
Vivo Energy is a British downstream petroleum company.
Vivo Energy is a British downstream petroleum company headquartered in London.
In its audited statement for 2020, the company reported plunging earnings and a 40-percent drop in profit.