In 2015, Metrofibre, which is led by former Absa Group CEO Steve Booysen, launched its home fibre offering, focused on the northern suburbs of Johannesburg and Pretoria. The successful capital raising allows us to further expand our infrastructure and capabilities off an already strong base It has since expanded its service offering to residential customers. Stoa is a French company owned by Caisse des Dépôts (CDC) and Agence Française de Développement (AFD) with a capital base of €600-million earmarked for investments in developing and emerging countries in the power, telecommunications and transportation sectors, with a strong focus on Africa.Įstablished in 2010, Metrofibre started operations as a fibre connectivity provider to South African medium to large companies. Stoa has acquired 23.1% of the South African open-access fibre network operator. Fibre infrastructure provider Metrofibre Networx has received an equity investment from Stoa Infra & Energy.
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