IFC is providing €370M to Maroc Telecom to bolster mobile connectivity in Chad and Mali.
The long-term partnership will support the rollout of 4G services, bringing faster, more reliable internet to more people and businesses across both countries.
“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,” says Mohamed Benchaaboun, CEO of Maroc Telecom.
The subsidiaries of Maroc Telecom in Chad and Mali, serving over 57 million customers on fixed line, mobile, and broadband data access, will use the cash to improve mobile data internet, and 4G services, among others.
The funding will also provide further opportunities to enhance the portfolio of offers and services, such as Mobile Money which is critical for financial inclusion.
“Supporting cross-border investments through regional champions like Maroc Telecom is a strategic priority for IFC—especially in fragile and conflict-affected areas, where economic development fosters stability,” declares Makhtar Diop, IFC Managing Director. “By mobilizing private capital to expand digital infrastructure, we’re unlocking opportunities for innovation, skills development, and job creation across Africa—fully aligned with the continent’s priorities.”
These investments align with the African Union’s ambition to build a secure single digital market in Africa by 2030.
Maroc Telecom has more than 79 million customers, including 57 million in its Moov Africa subsidiaries. Headquartered in Rabat, Maroc Telecom was founded in 1998 and is owned 53% by United Arab Emirates (UAE)-based e&, 22% by the Kingdom of Morocco, with the remaining 25% being listed in Casablanca and Paris stock exchanges.
Maroc Telecom also operates in ten African countries under the Moov Africa brand, making it a major player in the continent’s telecom industry. With millions of subscribers and a strong presence across West Africa and Central Africa, the group plays a central role in regional digital connectivity.