IFC Backs Maroc Telecom with $430M to Expand 4G in Chad and Mali
IFC is partnering with Maroc Telecom through a $430M financing package to expand 4G mobile infrastructure in Chad and Mali, strengthening the operator’s regional footprint.
Through this partnership, IFC will provide two loans totaling USD 430M (EUR 370M) to boost mobile connectivity and enhance mobile internet quality in Chad and Mali.
By mobilizing private capital to expand digital infrastructure, we’re opening doors to innovation, skills development, and job creation across Africa, all in line with the continent’s priorities,” said Makhtar Diop, IFC Managing Director.
The financing will drive the rollout of 4G services, aiming to deliver faster and more reliable internet access to a broader range of users and businesses across Chad and Mali.
“In all our operations, mobile data remains central to internet access, and 4G is crucial to narrowing the digital divide. This long-term financial partnership with IFC in Chad and Mali will strengthen network coverage and improve service quality enabling widespread 4G adoption and contributing to the development of both countries,” said Mohamed Benchaaboun, CEO of Maroc Telecom.
The International Finance Corporation (IFC), part of the World Bank Group, is dedicated to boosting private sector development in emerging markets. Its mission is to improve living standards by investing in businesses that drive sustainable growth rooted in the belief that real economic progress must meet human needs to create lasting impact where it matters most.
For over 60 years, IFC has leveraged the private sector to advance the public good, turning ideas into investments that foster green growth, expand inclusive employment, and deliver meaningful, transformative impact.
Founded in 1956, IFC has extended its operations to more than 100 countries, deploying its capital, expertise, and influence to build markets and expand opportunities across the developing world.
Established in 1998, Maroc Telecom is a telecom operator based in Rabat, Morocco. UAE-based e& holds a 53% stake, the Kingdom of Morocco owns 22%, and the remaining 25% is publicly traded on the Casablanca and Paris stock exchanges.
