Orange Middle East and Africa (OMEA) and the International Finance Corporation (IFC) signed a partnership to sustainably strengthen digital access in eight African countries at the Africa CEO Forum held in Abidjan on 12 and 13 May.
OMEA and IFC said they are joining forces to develop more inclusive and sustainable digital connectivity in often underserved areas of West and Central Africa.
This unprecedented partnership, according to the two organisations, aims to mobilise the complementary expertise of both actors.
IFC, the World Bank Group’s private sector-focused institution, will bring its expertise in development finance, while OMEA will capitalise on its local roots and network in the region.
Thus, various telecommunications infrastructure construction and deployment projects (towers, fibre etc.) in the target countries will be carried out in the coming years, said the organisations in a joint statement.
The statement continued: “This collaboration builds on initiatives already supported by IFC, such as supporting the first-ever securitisation in the telecommunications sector in West Africa and providing sustainable funding to Sonatel.
“These two operations, for a total amount of approximately $75 million in 2024, allow Sonatel to strengthen the country’s digital infrastructure and expand 4G coverage and fiber-optic connectivity in rural areas of Senegal.”
Together, the two partners aim to provide a replicable investment model aimed at bridging the digital divide, fostering financial inclusion, strengthening territorial resilience and creating jobs, particularly in the digital economy.
Jérôme Hénique, CEO of Orange Middle East and Africa, said: “This partnership with IFC is a major step forward in accelerating our ambition to bridge the digital divide by providing quality, sustainable and accessible connectivity for as many people as possible, especially in rural or underserved areas. By combining our forces, we want to build a more equitable digital future for all in Africa”.
while, Ethiopis Tafara, IFC vice president for Africa, said: "Increasing access to digital connectivity in Africa is a key priority for fostering innovation, broadening financial inclusion and generating employment opportunities.
"The strengthening of our partnership with Orange Middle East and Africa illustrates our commitment to positioning digital as a strategic lever for sustainable economic transformation, to the benefit of individuals and companies.”
Share