IFC and Airtel Africa to boost mobile connectivity in Sub-Saharan Africa
The partnership addresses the connectivity gap affecting approximately 600 million people without 4G coverage, promoting economic growth by boosting reliable mobile internet access.
IFC and Airtel Africa have established a strategic partnership to enhance mobile connectivity across sub-Saharan Africa. With a substantial investment of $200 million, the collaboration is focused on modernising Airtel Africa’s network and expanding its infrastructure, particularly in underserved rural areas.
By targeting over 37 million subscribers, this initiative is poised to significantly impact the region’s digital landscape, improving access to essential services and creating opportunities for millions. That partnership is dedicated to tackling the critical connectivity gap in a region where approximately 600 million people still lack access to 4G mobile coverage.
Despite the heavy reliance on mobile phones for business activities, many areas remain underserved, hindering potential economic growth. By enhancing network performance and availability, IFC and Airtel Africa aim to bridge this gap, ensuring that more individuals can enjoy reliable mobile internet access.
Furthermore, the financing is structured as a sustainability-linked loan, incorporating performance metrics that align with Airtel’s sustainability goals. These include increasing smartphone adoption and promoting financial inclusion for women. Recognising the pivotal role of mobile banking in regions with limited financial infrastructure, the partnership seeks to empower women by improving their access to mobile banking solutions.
