(Ecofin Agency) - Mobile broadband is key in Africa, where mobile devices are often the primary (and only) gateway to the internet. This EU-backed $100 million broadband expansion is a critical enabler of Africa’s digital leap, empowering millions with access to faster internet.

AXIAN Telecom, a pan-African telecommunications service provider, has secured $100 million in financing from the European Investment Bank. The funding, announced on April 10, will help expand 4G and 5G mobile broadband infrastructure in Tanzania and Madagascar.

“This new large-scale network investment will pave the way for socio-economic growth, digital inclusion, and better opportunities,” said Hassan Jaber, CEO of AXIAN Telecom, which operates under the Yas brand in both markets.

The investment, part of the European Union’s Global Gateway strategy, aims to significantly boost digital connectivity in both countries by doubling 4G coverage and accelerating the roll-out of 5G networks. AXIAN Telecom will receive $60 million for Tanzania and $40 million for Madagascar.

The funding is backed by a European Commission guarantee and is designed to drive digital inclusion, support economic development, and improve access to services in remote and underserved areas.

EIB Vice-President Ambroise Fayolle said the investment shows EIB’s commitment to empowering communities and driving positive change. “Digital connectivity opens doors for education, business, healthcare, and social inclusion,” he said.

Africa remains the region with the lowest internet penetration globally, with only 37% of the population using the internet as of 2023, according to the International Telecommunication Union (ITU). The expansion of 4G and rollout of 5G networks through AXIAN Telecom in Tanzania and Madagascar addresses urgent gaps in broadband access, especially in rural and underserved areas.

Hikmatu Bilali