Tanzania Secures Investment from British International In $30 Million to Expand Telecom Infrastructure and Enhance Connectivity in Tanzania
Summary
The anticipated 200 new sites, strategically placed across the mainland and Zanzibar, will significantly increase coverage, particularly in rural regions, linking previously isolated populations which will help to improve the lives of up to 600,000 people.Mr. With BIIs invaluable support, we are well-equipped to accelerate our growth trajectory and deliver essential telecom services to underserved communities.We are deeply committed to environmental sustainability and community development, added Mr. Innocent Mushi. The design of our new sites prioritises environmental protection through meticulous site selection, utilisation of renewable energy sources, and responsible waste disposal practices.Commenting on the partnership, Richard Palmer, Director and Head of Private Debt at British International Investment stated: Expanding digital infrastructure is critical for fostering sustainable economic development in Tanzania. By focusing on rural areas, TOA Tanzania is not only promoting inclusivity but also ensuring that the benefits of technological advancements reach the most underserved communities. Once completed, the new sites will not only extend network coverage to underserved communities but also support government digitisation efforts, foster financial inclusion, and generate employment opportunities throughout their lifecycle, from design and construction to maintenance.TowerCo of Africa is a fully owned subsidiary of pan-African telecommunications service provider Axian Telecom and is one of Africas fastest-growing tower infrastructure companies, with operations in Madagascar, Uganda, the Democratic Republic of Congo and Tanzania.