IFC invests $45m in IPT PowerTech
Financing will support 2,235 telecom sites in Ethiopia, Liberia and Sierra Leone.
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The International Finance Corporation (IFC) has announced a $45 million investment in IPT PowerTech, a telecom energy service company (T-ESCO), to expand clean and reliable power for telecom networks in Ethiopia, Liberia, and Sierra Leone, where limited power supply continues to slow digital connectivity and broader economic participation.
The investment will support the modernisation, operation, and maintenance of 2,235 telecom sites across the three countries, more than 90% of which are located in off‑grid or weak‑grid locations.
Nabil Haddad, CEO of IPT PowerTech Group, said: “This agreement with IFC reflects a shared vision for a greener telecom industry. It empowers IPT PowerTech to scale its innovative energy platforms and deliver measurable environmental and operational impact across our global footprint.”
“Reliable and affordable power for telecom networks is a cornerstone of Africa’s digital transformation. Through this partnership with IPT PowerTech, we are supporting a scalable, private sector-led solution that enables mobile operators to extend coverage, improve service quality, and reach underserved and fragile communities more sustainably,” said Nathalie Kouassi-Akon, IFC division director, West Africa Gulf of Guinea. “This investment demonstrates how innovative infra-tech solutions can simultaneously strengthen connectivity, reduce emissions, and unlock economic opportunity at scale.”
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