International Finance Corporation Provides $430 Million to Maroc Telecom for 4G Network Expansion in Chad and Mali
In a significant move towards digital inclusion, the International Finance Corporation (IFC) and Maroc Telecom have partnered to expand 4G mobile infrastructure in Chad and Mali. The collaboration, backed by a $430 million financing package, is expected to significantly impact job creation, skills development, and the reduction of the digital divide in these countries.
The partnership aims to improve mobile connectivity and the quality of mobile internet, opening opportunities for innovation and economic growth. By rolling out faster and more reliable 4G services to a broader population and businesses, the project enhances digital inclusion, a critical step in narrowing the digital divide in Chad and Mali.
Job creation is a key benefit of this expansion. Traditionally, the growth of digital infrastructure generates direct and indirect employment opportunities both during the network rollout phase and through stimulating digital economies that require skilled workers. The IFC highlights that mobilizing private capital in these projects supports sustainable growth and inclusive employment, implying new jobs arising in telecommunications, tech services, and related sectors.
Skills development is another crucial component. The IFC and Maroc Telecom’s initiative is seen as laying the foundation for broader digital skills programs aligned with improved connectivity. The IFC's operations in neighboring regions have shown a "throughline between connectivity, education, and jobs," with investments extending into universities and training programs to build workforce readiness based on enhanced infrastructure. This suggests that alongside infrastructure expansion in Chad and Mali, skill development initiatives to prepare local populations for digital employment are either planned or could be expected as part of ongoing programs linked to these investments.
The partnership is expected to strengthen Maroc Telecom's regional footprint and contribute to the development of both Chad and Mali. The CEO of Maroc Telecom, Mohamed Benchaaboun, stated that the partnership will strengthen network coverage and improve service quality. UAE-based e& holds a 53% stake in Maroc Telecom, while the Kingdom of Morocco owns 22%.
The IFC, part of the World Bank Group and dedicated to boosting private sector development in emerging markets, was founded in 1956 and has been in operation for over 60 years, extending its operations to more than 100 countries. IFC's mission is to improve living standards by investing in businesses that drive sustainable growth. The financing will be used to expand 4G mobile infrastructure in Chad and Mali, with the goal of delivering faster and more reliable internet access to a broader range of users and businesses.
IFC Managing Director, Makhtar Diop, stated that the partnership aligns with Africa's priorities for innovation, skills development, and job creation. The partnership is expected to boost mobile connectivity and enhance mobile internet quality in Chad and Mali, enabling widespread 4G adoption. IFC's operations are rooted in the belief that real economic progress must meet human needs to create lasting impact where it matters most, and aim to foster green growth, expand inclusive employment, and deliver meaningful, transformative impact.
The IFC's commitment to this partnership with Maroc Telecom shall facilitate the expansion of 4G services, paving the way for financial growth in Chad and Mali through improved digital connectivity and infrastructure. Consequently, the project is projected to foster job creation, attracting investments in sectors like telecommunications, tech services, and related industries, while simultaneously providing opportunities for skills development among local populations.
