Release date: 28 October 2020
Promoter – Financial Intermediary
ACCEPTABLE CORPORATE(S)Location
Description
The envelope aims at accelerating the deployment of digital infrastructure and solutions in sub-Saharan Africa, in particular the ones now being used to build resilience in response to the COVID-19 crisis. The envelope aims at financing operators of telecom infrastructures (international connectivity, backbones, access networks, cores, datacentres and the modernisation of energy supply infrastructure of cellular tower sites). The envelope also aims at financing service companies offering digital solutions, which could notably include the research and development (R&D) and the implementation of IT systems in the field of mobile services, digitalisation, process optimisation, business model evolution, regulatory requirements, risk management and cyber-security protection.
Objectives
Accelerating the deployment of digital infrastructure and solutions in sub-Saharan Africa, in particular the ones now being used to build resilience in response to the COVID-19 crisis.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 60 million
Total cost (Approximate amount)
EUR 120 million
Environmental aspects
If it were located within the EU, the underlying projects would not require a mandatory environmental impact assessment (EIA), as it does not fall under Annex I or II of the EIA Directive 2014/52/EU amending the Directive 2011/92/EU. Full environmental and social details will be assessed during appraisal of the underlying projects, with particular focus on infrastructure, which are the project that will require relevant construction works, and environmental and social studies may be required by the Bank.
Procurement
The Bank will require that the Promoters of the underlying projects ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Approved - 16/12/2020
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).