PROJECT

Projects

Summary of Investment Information

Project Number

44235

Company Name

IHS ZAMBIA LIMITED

Date SPI Disclosed

Apr 14, 2022

Country

Zambia

Region

Africa

Projected Board Date

Dec 18, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Apr 19, 2022

Department

Regional Industry - INF Africa

Industry

Telecommunications and Technology

Previous Events

Approved : Dec 18, 2020
Signed : Dec 23, 2020
Invested : Mar 3, 2021

Sector

Engineering Services

Project Description

IFC’s financing to IHS Group’s subsidiary in Zambia (“IHS Zambia” or the “Company”) enables the Company to improve the capital structure, so the Company can continue deploying telecom towers that are critical to delivering affordable connectivity through shared infrastructure, supporting business continuity during the crisis and economic recovery post-pandemic in Zambia. (the“Project”)

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation