MAROC TELECOM SECURES €370M TO FAST-TRACK DIGITAL INCLUSION IN CHAD AND MALI

Maroc Telecom push to expand 4G, mobile money, and rural coverage gets IFC boost.

Africa Digital transformation Chad Mali Digital financial services Maroc telecom.
Maroc Telecom Seals €370 Million Financing Deal with the International Finance Corporation (IFC)
Maroc Telecom Seals €370 Million Financing Deal with the International Finance Corporation (IFC)


Maroc Telecom has sealed a landmark €370 million financing deal with the International Finance Corporation (IFC) to fast-track the digital transformation of its operations in Chad and Mali, ushering in a new era of connectivity, financial inclusion, and rural broadband expansion.

The agreement, announced by the Moroccan telecoms giant, will see IFC, part of the World Bank Group, back large-scale upgrades of telecom infrastructure in the two sub-Saharan nations. A central focus of the partnership is the accelerated rollout of 4G services, extension of network access to remote areas, and an upgrade in overall service quality for millions of users.

But beyond connectivity, Maroc Telecom is doubling down on digital financial services. The group revealed plans to scale up its Mobile Money platform, reinforcing the company’s vision to leverage mobile-based banking as a tool to widen financial access in underserved communities.

Mohamed Benchaaboun, Chairman and CEO of Maroc Telecom, described the partnership as a “major leap forward” in the company’s pan-African digital strategy.

“This agreement with IFC reflects our shared commitment to inclusive digital development that benefits local populations and economies,”  Benchaaboun said. “It’s about more than infrastructure, it’s about empowering communities.”

The move aligns with a growing continental shift, where governments and private players are leaning into digital transformation to drive economic resilience, improve public services, and unlock new markets. 

For Chad and Mali, countries with significant rural populations and digital gaps, the investment signals a strong step toward bridging the broadband divide and creating inclusive digital economies.

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