PROJECT

Projects

Environmental Review Summary

Project Number

10142

Company Name

CELTEL MALAWAI LIMITED

Date ERS Disclosed

Aug 14, 2000

Country

Africa Region

Region

Africa

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Feb 8, 2001
Signed : Aug 10, 2001
Invested : Aug 28, 2001

Sector

Mobile Telephony

Industry

other

Department

TMT, Venture Capital & Funds

Project Description

MSICIH is a holding company with mobile cellular investments primarily in Africa. Currently, MSICIH has stakes in operations in Egypt, Gabon, Hong Kong SAR, Malawi, the Republic of Congo, Uganda, Zambia and Sierra Leone. In addition, the Company has won additional licenses through competitive bidding in Burkina Faso, Chad and the Democratic Republic of Congo and recently started developing and implementing the networks. MSICIH owns another cellular license in Guinea (purchased from a winning bidder). More recently, MSICIH has engaged into two more projects, i.e. the purchase of 60 % of Mobitel (Sudan) and 35 % of TTCL (Tanzania). The proposed Project consists of financing the construction, expansion and operation of various mobile cellular networks in any of these countries (subject to final agreement between IFC and MSICIH), and the first two operating companies that are likely to receive IFC financing are Celtel Malawi and Celtel Congo S.A.

Environmental and Social

Conclusion & Monitoring