PROJECT

Projects

Summary of Investment Information

Project Number

48053

Company Name

WEST INDIAN OCEAN CABLE COMPANY LTD

Date SPI Disclosed

Nov 22, 2023

Country

Africa Region

Region

Africa

Projected Board Date

Dec 22, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Oct 13, 2024

Department

Regional Industry - INF Africa

Industry

Telecommunications and Technology

Previous Events

Approved : Feb 13, 2024
Signed : May 21, 2024
Invested : Oct 10, 2024

Sector

Internet Access Providers (Including ISPs, Datacenters)

Project Description

 WIOCC Holding Company Ltd. (“WHCL” or the “Holdco”) is the parent company of West Indian Ocean Cable Company Ltd. (“WIOCC”). WHCL operates its connectivity business through WIOCC and more recently its data center business through Open Access Data Center (“OADC”). Restructuring is ongoing to make WIOCC and OADC sister subsidiaries under WHCL. WIOCC was incorporated in 2007 and is an existing IFC client. The Company is a neutral 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.

Associated Advisory Engagement

                                         

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation