Wednesday
September 25
2024

Press Release: IFC and Airtel Africa Partner to Increase Access to High-Speed Mobile Connectivity in Sub-Saharan Africa

IFC has provided new financing to three of Airtel Africa plc’s subsidiaries with the aim of bringing high-speed mobile connectivity to more than 37 million subscribers in sub-Saharan Africa.

IFC’s $200 million loan will support the expansion and modernization of Airtel Africa’s network, as well as further investment into its distribution infrastructure, with a continued focus on rural areas.

Source: International Finance Corporation (link opens in a new window)

Categories
Technology, Telecommunications
Tags
corporations, digital inclusion, global development, infrastructure, mobile finance, partnerships