PROJECT

Projects

Summary of Investment Information

Project Number

44202

Company Name

WEST INDIAN OCEAN CABLE COMPANY LTD

Date SPI Disclosed

Aug 21, 2020

Country

Africa Region

Region

Africa

Projected Board Date

Jul 24, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Aug 25, 2020

Department

Regional Industry - INF Africa

Industry

Telecommunications and Technology

Previous Events

Approved : Jul 24, 2020
Signed : Jul 29, 2020
Invested : Aug 21, 2020

Sector

other

Project Description

 West Indian Ocean Cable Company Ltd. (“WIOCC” or “the Company”) was incorporated in 2007 and is an existing IFC client. The Company is a carrier of carriers, offering connectivity to over 20 countries in Africa. It provides telecommunication carriers with regional and international capacity within, into and out of Africa.

The IFC investment is expected to be used to fund the Company’s working capital and capital expenditure requirements during FY20 to FY21 (the “Project”).                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation