IFC Invests €370M in Maroc Telecom to Expand Connectivity in Chad and Mali
The International Finance Corporation (IFC) has committed €370 million in a long-term partnership with Maroc Telecom to significantly enhance mobile connectivity and digital infrastructure across Chad and Mali. This substantial investment is aimed at accelerating the deployment of advanced 4G services, a move set to deliver faster and more dependable internet access to millions of individuals and businesses. The initiative represents a major step forward in bridging the digital divide and fostering economic growth within these key sub-Saharan African markets.
Strengthening Digital Infrastructure and Financial Inclusion
This funding will directly empower Maroc Telecom’s subsidiaries in Chad and Mali, which collectively serve a vast customer base of over 57 million across fixed-line, mobile, and broadband platforms. The primary goal is to upgrade mobile data internet capabilities and expand the reach of 4G networks. Mohamed Benchaaboun, CEO of Maroc Telecom, emphasized that this initiative aligns with the company’s enduring regional strategy. “Operating in the sub-Saharan Africa region for more than 20 years, Maroc Telecom Group’s strategy is to enhance telecommunication and associated products to serve a fast-growing young population,” he stated. Beyond connectivity, the investment will also fuel the expansion of the service portfolio, particularly Mobile Money services, which are critical for advancing financial inclusion and providing essential financial tools to underserved communities.
The collaboration between the IFC and Maroc Telecom underscores a strategic priority to support cross-border investments driven by influential regional champions. By empowering a key African telecom operator, this partnership not only addresses the immediate need for modern digital infrastructure but also lays the groundwork for sustained economic development and innovation. This €370 million investment serves as a powerful catalyst for closing the digital gap and unlocking new opportunities for the dynamic, youthful populations of Chad and Mali.
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