PROJECT

Projects

Summary of Collaboration or Co-Development Project

Project Number

47150

Date SCCP Disclosed

Jan 11, 2023

Country

Benin

Region

Africa

Last Updated Date

Feb 25, 2023

Industry

other

Sector

other

Department

CN3UP - Regional Industry - INF Africa/Upstream - INFRA Africa

Project Description

 IFC has signed a collaboration agreement to support the market entry of a Tower Colocation Company (TowerCo), in Benin. In this collaboration, IFC and the TowerCo will conduct and share the costs of a feasibility study to i) validate the viability of the Project from a regulatory standpoint, ii) validate the market fundamentals and ensure the bankability of the Project, leading to a decision as to whether the Project can proceed to the next phases of development.                                                  

E & S Information

 As part of IFC's due diligence, and as mandated by IFC's Sustainability Policy, the IFC team will continue to screen the Project to assess consistency with IFC's Performance Standards. In connection with IFC's obligations under the Collaboration Letter Agreement, the IFC team will discuss with CREI the requirements of IFC's Performance Standards.