Afrimax raises $120 mln for Africa fast broadband network

September 14, 2015 2:02 PM

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JOHANNESBURG, Sept 14 Mobile internet firm Afrimax Group has raised $120 million to fund the expansion of a high-speed broadband network in Africa, it said on Tuesday, the latest firm to jockey for position in the continent's fast-growing consumer internet market.

The money has been raised from a consortium of investors led by Japan's Mitsui & Co. Other investors were Spain's Torreal and the International Finance Corporation, a investment arm of the World Bank.

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