Key IHS Holdings Shareholder Blackwells Capital Demands CEO Steps Down

Blackwells Capital LLC, a long-term shareholder in African telecoms company IHS Holdings, has demanded the immediate replacement of IHS chairman and CEO Sam Darwish.

In a statement, the investment firm also called for a reconstitution of the company’s board of directors, following the company’s recent poor performance.

It follows last week’s announcement that IHS Towers has lost its contract with MTN Nigeria to rival tower company American Tower.