The European Investment Bank (EIB Global) has announced a financing package of US$ 100 million to AXIAN Telecom to support the expansion of its mobile broadband network infrastructure across Madagascar and Tanzania. The project will expand 4G mobile broadband network infrastructure across the two countries as well as continuing the introduction of 5G coverage.
This new Global Gateway investment, backed by a budgetary guarantee of the European Commission, will enhance access to high-speed communications, accelerate inclusive digitalisation, and drive sustainable development across the two countries. This investment will help reduce geographic inequality of telecom access in Africa and emerging markets.
Improved connectivity plays a pivotal role in advancing socio-economic development, and this investment under the European Union Global Gateway Strategy aligns with the United Nations Sustainable Development Goals (SDGs). By expanding a resilient and energy efficient mobile broadband infrastructure, the new EIB Global investment will unlock numerous SDG benefits, including sustained, inclusive, and sustainable economic growth, leading to the creation of quality jobs. Fragile communities will gain access to the tools and resources necessary to connect with the wider world, fostering knowledge sharing, e-commerce, and innovation.
Hassan Jaber, CEO, AXIAN Telecom
The US$ 100 million EIB Global financing will help us expand mobile phone infrastructure in Madagascar and Tanzania and benefit millions of people. This new large-scale network investment will pave the way for socio-economic growth, digital inclusion, and better opportunities.
Ambroise Fayolle, Vice-President, EIB Global
Digital connectivity opens doors for education, business, healthcare and social inclusion. This new investment demonstrates the EIB’s commitment to empowering communities, fostering sustainable development, and driving positive change through enhanced access to affordable high-speed communications.
