Axian Comoros II & Tanzania

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The proposed investment is for a senior secured loan of up to EUR25million (c.US$27.2million) to Telecom Comores SA (“TelCo”) and a senior secured loan of up to US$100million (TZS linked) to Honora Tanzania Plc (“Honora” or “Tigo Tanzania”), two mobile network operators (MNO), subsidiaries of Axian Telecom, an existing IFC client. The proceeds of the proposed IFC financing would be used for (i) financing capital expenditure and refinancing existing loans for Honora; (ii) TelCo’s mobile operations expansion program in Comoros through 2024-2026. Axian Telecom (“Axian” or the “Group”) is an established operator in the regional (Africa and Indian Ocean) telecoms industry since 2004, with operations in the mobile, mobile financial services, broadband (retail, wholesale and submarine cables) and tower infrastructure sharing services. Axian operates in nine countries, including La Reunion & Mayotte, Comoros, Senegal, Madagascar, Togo, Uganda, Tanzania and DRC.TelCo is an MNO and mobile financial services provider that began commercial operations in Comoros in December 2016 as the second and only private MNO in Comoros. Honora was acquired by Axian in 2022 and operates as an MNO and mobile financial services provider in Tanzania.