IFC partnered with Togocom, a Togolese mobile operator and AXIAN Telecom subsidiary, to enhance access to quality mobile connectivity in Togo.
The €55 million loan, structured in partnership with Société Générale Benin and Ecobank Togo, will aid Togocom in modernizing infrastructure, expanding its 4G network, and improving data traffic quality.
“The partnership with IFC marks a decisive step to improve access to equipment and high-speed internet and also to generate economic opportunities for our population,” said Cina Lawson, Minister of Digital Economy and Transformation of Togo.
As part of AXIAN Telecom, Togocom serves around 38 million customers across eight African countries. This investment by IFC aims to support Togocom in extending 4G coverage and fiber networks, aligning with Togo’s Digital Transformation Strategy to provide widespread connectivity and internet access.
The strategy targets 95% population coverage and internet connectivity for key facilities by 2025.
Pierre Antoine Legagneur, Chief Executive Officer of Togocom, ”we take great pride in our critical role in advancing the country’s digital transformation and fostering connectivity among all Togolese citizens, spanning from the remotest areas of the broader region. This investment is a testament to our dedication to championing economic development and digitalization in Togo consistently.”