“Today we are one step closer to bridging Nigeria’s digital divide. This co-financing attracted matching investments from nine Nigerian institutional investors. The project will utilize renewable energy to provide last-mile mobile connectivity to underserved rural communities that lack the requisite power infrastructure for reliable telecommunications.Ĭo-financing the project’s 7-year fixed-rate local currency debt issue are Nigeria’s Infrastructure Credit Guarantee Company (InfraCredit) and the Climate Finance Blending Facility, funded by the United Kingdom Foreign, Commonwealth and Development Office (FCDO).
Trade and Development Agency-funded feasibility study for Nigeria’s Hotspot Network Limited has led to the issuance of financing for the deployment of 120 solar-powered rural telecommunications base stations across 22 States in Nigeria.
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