PROJECT

Projects

Environmental & Social Review Summary

Project Number

34297

Company Name

MOOV AFRICA TCHAD SA

Date ESRS Disclosed

Dec 4, 2014

Country

Chad

Region

Africa

Last Updated Date

Jan 9, 2025

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : May 30, 2014
Signed : Jun 6, 2014
Invested : Aug 22, 2014

Sector

Mobile Telephony

Industry

Telecommunications and Technology

Department

TMT, Venture Capital & Funds

Project Description

The IFC investment includes a €55 million A Loan for IFC’s own account committed in June 2014, and a proposed Senior Loan of €41.5 million from IFC’s Managed Co-Lending Portfolio Program. Funding for the loan under IFC’s Managed Co-Lending Portfolio Program is provided by the People’s Bank of China. The total project cost is estimated to be US$130mln. The project consists of the upgrade and expansion of a nationwide mobile telecommunications network operated by a multinational mobile telecommunication operator in one of its African operations. The project also includes the launch of the African operation’s mobile broadband services, and the renewal of the Company’s existing mobile telecommunication license.

Overview of IFC's Scope of Review

The review of this proposed second investment in The Company consisted of a visit by IFC staff to the Company’s facilities in March 2014 to meet with and interview management of the Company, and to have an updated look at operational activities. IFC staff also appraised environmental and social (“E&S”) and technical information submitted by The Company, including an Annual Monitoring Report covering operations in 2013 and the Company’s latest E&S policies and procedures.

Based on review of E&S supervision reports for IFC’s first investment in the Company, including the 2013 AMR, the current E&S performance of the company is considered to be Satisfactory. IFC’s appraisal considered environmental and social management plans for the Project and whether there were any gaps between these plans and IFC requirements. Through implementation of these management plans, the project is expected to be designed and operated in accordance with Performance Standards objectives.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support