47150
Jan 11, 2023
Benin
Africa
Feb 25, 2023
other
other
CN3UP - Regional Industry - INF Africa/Upstream - INFRA Africa
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.
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.