Expected impact on people
In line with EAIF’s use of proceeds, 400k new consumers are expected to benefit. The largest impact will be felt by first time users of internet and those who suffer from unreliable network coverage.
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Provided debt as one of the anchor investors for a $420m Axian Telecom bond issuance. EAIF identified $20m equivalent of infrastructure in Togo (LDC) within Axian’s overall infrastructure programme which will be utilised to expand the radio access network for mobile services and build fibre backbone for broadband services.