PROJECT

Projects

Environmental & Social Review Summary

Project Number

29741

Company Name

IHS NIGERIA LIMITED

Date ESRS Disclosed

Jul 12, 2010

Country

Nigeria

Region

Africa

Last Updated Date

Jun 3, 2021

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Nov 18, 2010
Signed : Feb 11, 2011
Invested : Jun 8, 2011

Sector

Other (Including Satellite Telecommunications, Radio and Television Broadcasting, etc.)

Industry

Telecommunications and Technology

Department

TMT, Venture Capital & Funds

Project Description

The Project will consist of two main activities: i) recapitalization of the Company’s balance sheet to support the expansion of the Company’s tower management and tower construction businesses; and ii) the expansion of the Company’s collocation business through which IHS will build and/or acquire towers across Sub-Saharan Africa, leasing capacity on these towers to multiple tenants. The Company is expected to secure several tower opportunities providing several thousand owned and managed towers for a total project cost of $385 million equivalent. Immediate acquisition opportunities may include sites in Nigeria, Tanzania, and DRC.

Overview of IFC's Scope of Review

The review of this project consisted of a visit by IFC staff to the project site, to meet with and interview management of IHS (Nigeria) Plc (“IHS” or the “Company”) and to have a first-hand look at operational activities. IFC staff also appraised technical, environmental and social information submitted by IHS, including a management and technical services agreement, regulatory applications for collocation of sites, a siting flowchart, fire safety procedures, life safety procedures, worker safety procedures, hazardous material management procedures, a staff handbook and code of conduct, ISO 9001:2008 certification, pending litigation matters, an administration manual, an EHS policy statement, and an environmental impact assessment.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement