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Articles tagged with: World Bank and Ifc
Zain Ghana Secures Funding for Network Expansion
IFC, a member of the World Bank Group, has provided a US$90 million loan and mobilized an additional US$70 million in syndications to help Zain Ghana expand its mobile network. more
Related Tags: zain-ghana, Ghana
World Bank Approves Funding to Extend Affordable Communications Services
The World Bank's Board of Executive Directors today approved an International Development Association (IDA) credit of US$151 million to extend access to affordable communications services to Malawi, Mozambique and Tanzania. This is the third phase of the Regional Communications Infrastructure Program (RCIP) - a US$424 million regional program that will increase the availability of reliable communications services for citizens, businesses and governments in Eastern and Southern Africa. Under RCIP 3, Malawi, Mozambique and Tanzania will receive US$20 million, US$31 million and US$100 million respectively. more
Related Tags: submarine, fiber-optic, Malawi
MTN Gets Loan to Expand Afghan Network
IFC, a member of the World Bank Group, is providing a US $65 million loan and US $10 million in equity to MTN Afghanistan to support the expansion of the company's mobile telephone network. The expansion is aimed in particular at low-income populations. more
Related Tags: mtn-afghanistan, Afghanistan
Cambodian Phone Network Gets Funding for Rural Coverage
IFC, a member of the World Bank Group, has organized a US $100 million investment in Cambodian mobile network operator, CamGSM to help strengthen the telecommunications sector and expand access to affordable mobile services in rural areas. IFC is providing up to $40 million from its own account and has mobilized an additional $60 million from ABN AMRO, Cordiant Capital, DnB NOR, and Nordea. more
Related Tags: rural, tim, ovi, iden, mobile-internet, millicom, Cambodia
IFC Supports Development of New Mobile Network in the Palestinian Territories
The International Finance Corporation (IFC), a member of the World Bank Group, is investing US$30 million in Wataniya Palestine, as part of a US$85 million loan, to help build a mobile-phone network in the Palestinian West Bank. Wataniya Palestine is a joint venture of the Palestine Investment Fund and Wataniya Telecom, which is majority-owned by Qatar's Qtel. more
Related Tags: qtel, wataniya-telecom, edge, wataniya, wataniya-palestine, gsm, Palestine
Indian Operator Secures Funding to Expand Rural Coverage
IFC, a member of the World Bank Group is providing a US$100 million loan to Indian GSM network operator, Idea Cellular to enable the extension of services to Bihar, one of the few states in India without a well-developed telecommunications network. The loan will also help establish a national long-distance network to meet growing demand for services. more
Related Tags: rural, idea-cellular, bihar, India
Dialog Telekom Helping Small Entrepreneurs in Sri Lanka Develop Business Skills
IFC, a member of the World Bank Group, and Sri Lanka's Dialog Telekom have joined forces to help strengthen the business skills of Dialog TelekomÃ's retail distributors. This will help them build a track record of creditworthiness by using the IFC SME Toolkit, an advisory product implemented in more than 25 countries worldwide. more
Related Tags: dialog-telekom, telekom, Sri Lanka
World Bank Hosting Mobile Banking Conference in Egypt
IFC, a member of the World Bank Group; the GSM Association; the Consultative Group to Assist the Poor; and the UKÃ's Department for International Development are organizing the first mobile money summit in Cairo. The goal is to stimulate greater collaboration between stakeholders and help foster sustainable commercial solutions. It is also an opportunity to showcase innovative solutions and share experiences from around the world. more
Related Tags: gsm-association, mobile-banking, Egypt
IFC and Maroc Telecom Help Burkina Faso's Onatel Expand
The IFC, a division of the World Bank Group has announced that it will support the upgrade of fixed and mobile networks at Onatel, Burkina FasoÃ's telecommunications operator. The €7.5 million investment will be part of a broader effort to develop a competitive telecommunications market in Burkina Faso, increase connectivity, and improve opportunities for the business sector. more
Related Tags: Burkina Faso
Funding Secured for GSM Expansion in Papua New Guinea
IFC, a member of the World Bank Group, and Export Development Canada have signed an agreement with Digicel to help increase a nationwide GSM network in Papua New Guinea. The project is expected to expand substantially the reach of telephone service, covering areas previously not reached by existing service providers, as well as improving service quality, stimulating competition in the sector, reducing costs to consumers, and generating significant employment and support to local small and medium enterprises working with Digicel. more
Related Tags: digicel, Papua New Guinea