📋 Tender Overview
Project Number
51220
Company Name
Axian Telecom Holding and Management Ltd
Date ESRS Disclosed
Aug 20, 2025
Country
Africa Region
Region
Africa
Last Updated Date
Environmental Category
B - Limited
Status
Active
Previous Events
Approved : Jun 9, 2025
Signed: Jun 25, 2025
Invested: Jul 11, 2025
Sector
Mobile Telephony
Industry
Telecommunications, Media, and Technology
Department
Regional Industry - INF Africa
Project Description
IFC is considering anchoring Axian Telecom’s bond issuance of up to US$550 million (the Project ) with an investment of up to US$75 million. The financing will be used for (i) refinancing the outstanding bond, (ii) financing the acquisition of Wananchi Group, a broadband internet supplier headquartered in Kenya; and (iii) general corporate uses. This initiative is part of the company’s expansion strategy in Africa which focuses on roll-out in underserved areas.
Axian Telecom ( AT or the Holding Company or Holdco or the company ) is an integrated provider of telecommunications (voice and data) services, digital infrastructure and mobile money services (see webpage at https://www.axian-telecom.com/en/homepage/). AT operates in 10 markets across the African continent via its subsidiaries or operating company’s (Opcos). AT’s major footprints of owned towers (operated by its tower companies or ‘TowerCos’) are primarily located in Madagascar, Tanzania, Uganda, Togo and Comoros. Operations pertaining to mobile, fixed and internet services, and financial services, necessitate minimal physical infrastructure.
The business operates under a tiered contracting structure, engaging main contractors to oversee and execute key projects such as tower construction, operation and maintenance, and for fiber network laying. Main contractors typically hire subcontractors for specific tasks, such as security services, transportation and refueling among others.
