IFC loans Maroc Telecom $427 million to support Mali, Chad subsidiaries

IFC loans Maroc Telecom $427 million to support Mali, Chad subsidiaries
Source: IFC / Caption: IFC loan will help adoption of 4G tech throughout Mali & Chad

The International Finance Corporation is set to provide Maroc Telecom with two loans totaling $426 million as the Moroccan telecom group sets out improvements in mobile connectivity and the quality of mobile internet in Chad and Mali. Speakign to local Moroccan media, Mohamed Benchaaboun, CEO of Maroc Telecom said “Operating in the sub-Saharan Africa region for more than 20 years, Maroc Telecom Group’s strategy is to enhance telecommunication and associated products to serve a fast-growing young population.”

Great! You’ve successfully signed up.

Welcome back! You've successfully signed in.

You've successfully subscribed to MAGHREB INSIDER.

Success! Check your email for magic link to sign-in.

Success! Your billing info has been updated.

Your billing was not updated.