U.S.-Nigerian telecom mogul Sam Darwish has added 6.7 million to his fortune in the past 11 days, following a rise in the value of his stake in IHS Towers. The gain reflects renewed investor interest in Africas telecom-infrastructure sector and the continuing need for reliable connectivity in fast-growing markets.
Darwish owns a 3.9 percent stake in IHS Towers, representing 12,921,750 shares. The value of those shares has risen from 80.63 million on Nov. 14 to 87.35 million, adding 6.72 million to his holdings. The rebound comes after a challenging period between Sept. 12 and 27, when his stake fell from nearly 100 million to 86.19 million.
Sam Darwishs IHS Towers growth story