Deals
Nigeria’s Interswitch Plans African Buys After Uganda Deal
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Interswitch Ltd., a Nigerian company that processes payments for banks in the West African nation, took a 60 percent stake in Uganda’s only company of the kind amid plans for more African acquisitions.
Lagos-based Interswitch will use the 26 billion naira ($170 million) injected into it by Helios Investment Partners LLC in December for expansion on the continent, Chief Executive Officer Mitchell Elegbe wrote in an e-mailed response to questions yesterday.