NIDIF has acquired a minority stake in Lightstruck Holdings to establish Namibia's first open-access last-mile fibre network, enhancing digital inclusion and connectivity.

Information on the Target

The Namibia Infrastructure Development and Investment Fund (NIDIF) is an investment initiative focused on developing economic and social infrastructure assets across Namibia. Managed by Eos Capital, NIDIF has recently taken a significant minority stake in Lightstruck Holdings, a company specializing in the establishment of open-access last-mile fibre networks. This strategic investment aims to enhance connectivity and digital equity in underrepresented areas of Namibia.

Lightstruck Holdings is a joint venture formed between Lightstruck South Africa and Africa Merchant Capital Holdings. Its mission is to develop, own, and operate high-quality fibre optic networks aimed at improving internet accessibility and supporting economic development within Namibian communities. The deployment of last-mile fibre infrastructure is a critical step towards bolstering the nation's digital capabilities.

Industry Overview in Namibia

Namibia's digital infrastructure sector is in a transformative phase, characterized by increasing investments aimed at improving connectivity across various regions. Despite its potential, many towns and communities have historically been u