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    Summary sheet

    Release date
    28 October 2020
    Status
    Reference
    Approved | 16/12/2020
    20200763
    Project name
    Promoter - financial intermediary
    COVID-19 DIGITAL AFRICA LOAN ENVELOPE
    ACCEPTABLE CORPORATE(S)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 60 million
    EUR 120 million
    Location
    Sector(s)
    Description
    Objectives

    The envelope aims at accelerating the deployment of digital infrastructure and solutions in sub-Saharan Africa, in particular the ones now being used to build resilience in response to the COVID-19 crisis. The envelope aims at financing operators of telecom infrastructures (international connectivity, backbones, access networks, cores, datacentres and the modernisation of energy supply infrastructure of cellular tower sites). The envelope also aims at financing service companies offering digital solutions, which could notably include the research and development (R&D) and the implementation of IT systems in the field of mobile services, digitalisation, process optimisation, business model evolution, regulatory requirements, risk management and cyber-security protection.

    Accelerating the deployment of digital infrastructure and solutions in sub-Saharan Africa, in particular the ones now being used to build resilience in response to the COVID-19 crisis.

    Environmental aspects
    Procurement

    If it were located within the EU, the underlying projects would not require a mandatory environmental impact assessment (EIA), as it does not fall under Annex I or II of the EIA Directive 2014/52/EU amending the Directive 2011/92/EU. Full environmental and social details will be assessed during appraisal of the underlying projects, with particular focus on infrastructure, which are the project that will require relevant construction works, and environmental and social studies may be required by the Bank.

    The Bank will require that the Promoters of the underlying projects ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Related projects

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - COVID-19 DIGITAL AFRICA LOAN ENVELOPE
    Publication Date
    29 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    133610253
    Document Focus
    Environmental Information
    Project Number
    20200763
    Sector(s)
    Countries
    Publicly available
    Download now

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