Sub-Saharan African Tower Industry Update Q2 2025

This document is a regional guide focusing on the Sub-Saharan African tower industry as of Q2 2025. It outlines the current landscape of tower companies, including key players such as American Tower, IHS Towers, and Helios Towers, and their strategies for growth and partnership expansion. The guide details the performance metrics of these companies, including tenancy ratios and market dynamics in various countries, highlighting the competitive environment in markets like Tanzania and Kenya. It also discusses the impact of regulatory changes in Nigeria and the ongoing consolidation trends within the industry. The document presents insights into the challenges faced by towercos, such as the effects of macroeconomic conditions and the need for operational efficiencies. Additionally, it notes the emergence of new partnerships and potential acquisition activities, reflecting a cautious optimism for future growth in the sector.