Togocom secures cash for network upgrade

Togocom secures cash for network upgrade

Togolese operator Togocom secured XOF36 billion (US$60.2 million) from the International Finance Corporation (IFC) to fund the upgrade of its infrastructure including the expansion of its 4G network. 

“At Togocom, we are very proud of playing a key role in the acceleration of the country’s digital transformation and improved connectivity for all Togolese citizens, wherever they are on the territory. This investment attests to our commitment to consistently support economic growth and service digitisation in Togo,” commented Pierre-Antoine Legagneur, Managing Director, Togocom.

The Togolese government is aiming to boost coverage to 95% of the population by 2025 and provide internet to 95% of public services such as schools and hospitals. 

“The partnership with the IFC is a major milestone, not only in regards to better access to equipment and high-speed internet but also in terms of economic opportunities it will help generate for our people, ” declared Cina Lawson, Minister of Digital Economy and Digital Transformation. 

“Togo’s commitment to digital innovation, bolstered by this partnership, translates our determination to build a progressivist and technologically advanced nation for future generations.” 

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