Frogfoot, Vox and Hypa secure $20 million backing from Proparco

French development finance institution (DFI) Proparco has committed a $20 million investment to back South African telecommunications operators Frogfoot, Vox, and Hypa . The transaction forms part of a major equity consortium managed by private equity firm Metier , pooling capital from international development institutions and local commercial banks to aggressively expand digital infrastructure across South Africa. The primary strategic mandate of this capital injection is to bridge the digital