PROJECT

Projects

Summary of Investment Information

Project Number

35725

Company Name

IHS NIGERIA LIMITED

Date SPI Disclosed

Aug 21, 2014

Country

Nigeria

Region

Africa

Projected Board Date

Sep 22, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

TMT, Venture Capital & Funds

Industry

Telecommunications and Technology

Previous Events

Approved : Sep 25, 2014
Signed : Oct 9, 2014
Invested : Nov 6, 2014

Sector

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

Project Description

The project comprises an expansion of the operations of IHS Nigeria Plc (“IHSN” or the “Company”) through the acquisition and upgrade of 2,705 towers in a Buy and Lease Back (“BLB”) arrangement with Etisalat Nigeria (“Etisalat”) and the construction of Build to Suit towers contracted for Mobile Network Operators (“MNOs”) in Nigeria. IHS Nigeria is an existing IFC client.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation