Traxtion ramps up bid to build Africa’s biggest rail company
The company’s $86m equity raise was heavily oversubscribed, indicating the appetite for the future of private rail in Africa.
Investors appear to have big hopes for the future of private rail in SA and Africa, judging by the amount of money being thrown at it.
This week, Africa’s largest private rail company Traxtion announced it had wrapped up its heavily oversubscribed $86 million (about R1.4 billion) equity raise, demonstrating appetite for what is widely touted as a huge growth market over the coming years.
