• IFC is lending USD 430M to Maroc Telecom to expand 4G mobile connectivity in Chad and Mali.
• The partnership aims to improve internet quality, drive digital inclusion, and support economic development in fragile markets.
• Maroc Telecom sees mobile data as key to growth, with 4G critical to bridging Africa’s digital divide.

Maroc Telecom

What happened? IFC and Maroc Telecom are building a long-term partnership to support the subsidiaries of Maroc Telecom in Chad and Mali. 

Through this partnership, IFC will provide two loans for a total amount of  USD 430M (EUR 370M). This to enhance mobile connectivity and improve the quality of mobile internet. 

 “By mobilizing private capital to expand digital infrastructure, we’re unlocking opportunities for innovation, skills development, and job creation across Africa—fully aligned with the continent’s priorities.”  Makhtar Diop, IFC Managing Director.

What is next? The financing will support the rollout of 4G services. This is to provide faster, more reliable internet to more people and businesses across both countries.

“In all our operations, mobile data is key to access internet, and 4G services are helping to reduce the digital divide: this long-term financial partnership with IFC in Chad and Mali will boost network coverage with a better quality of service, allowing massive adoption of 4G and supporting the countries’ development.” said Mohamed Benchaaboun, CEO of Maroc Telecom. 

IFC

Who are they? The International Finance Corporation (IFC), a member of the World  Bank Group, focuses on the private sector in emerging markets. Furthermore, it aims to improve living conditions in developing countries by investing in private sector growth. This is because it believes that true economic development must be tied to human needs in order to deliver meaningful progress in the communities that need it most.

For more than six decades, IFC has channeled the power of the private sector to serve the public good. It turns ideas into investments that promote green growth, create inclusive job opportunities, and implement impactful initiatives that drive real change.

Since its founding in 1956, IFC has expanded its reach to over 100 countries, using its capital, expertise and influence to create markets and opportunities in developing countries. 
Founded in 1998, Maroc Telecom is a telecommunications operator with headquarters in Rabat, Morocco. Furthermore, 53% of it is owned by UAE- based e& and 22% by the Kingdom of Morocco. The remaining 25% is listed in Casablanca and Paris stock exchanges.