News & Events

April 2011

Delphos assisted Wananchi Group (Holdings) Ltd. in closing $57.5 million of new funding to support additional network expansion of the Company’s triple-play and satellite TV services in East Africa. Under its “Zuku” brand, Wananchi Group is developing the Africa’s first triple-play network and provides fast and competitively priced broadband internet, TV and fixed line telephone. New investors included, among others, Liberty Global, Sarona Asset Management and Oppenheimer Funds.

March 2011

Delphos arranged $50 million (50% of total project costs) in long-term senior debt from OPIC to support Summit Hotels Limited’s (Summit) construction of a 300-room, first-class business hotel in the International Zone of Baghdad, Iraq. In addition, Delphos assisted Summit’s U.S. and Iraqi owners in obtaining political risk insurance through a reinsurance agreement between OPIC and an Iraqi insurance company.

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