Private Equity Round in 2012
CAL Bank Limited offers a comprehensive range of banking and financial services in Ghana, catering to large corporations, small and medium-sized enterprises, public sector institutions, and retail customers. The bank operates through five key segments: Corporate Banking, Retail & Business Banking, Treasury, Brokerage, and Asset Management. It provides personal banking products such as savings and current accounts, as well as corporate finance solutions including project finance, financial advisory services, and private equity placements. In addition, CAL Bank offers various finance solutions tailored for specific sectors, general and life insurance products, and loans for individuals and businesses. The corporate and institutional banking services encompass business financing, transactional banking, and international trade finance. With a network of 28 branches and approximately 100 ATMs, CAL Bank is headquartered in Accra and has been serving the Ghanaian market since its establishment in 1990.
Private Equity Round in 2011
Eaton Towers Limited is a prominent telecom tower company based in London, specializing in acquiring, building, and leasing shared infrastructure services to mobile and data network operators across Africa. Founded in 2009, the company has established a significant presence in countries including Ghana, Uganda, Kenya, Burkina Faso, and Niger, boasting over 5,000 towers. Eaton Towers provides a range of services such as build-to-suit towers, co-location, in-building solutions, small cells, sale and leaseback, and managed services. It aims to address the growing demand for voice and data services driven by increased smartphone usage and the need for improved network coverage in rural areas. By enabling mobile network operators to share infrastructure, Eaton Towers helps reduce capital and operating costs, which is critical in a region where network build and operating expenses are notably high. Its customer base includes major African mobile operators like Airtel, MTN, Orange, Tigo, Vodacom, and Vodafone, positioning Eaton Towers as a key player in the African telecommunications landscape.