Supporting IPT’s business activities
Multi-country Global Ethiopia Guinea Guinea-Bissau
Proparco has allocated financing to IPT to support its activities in Africa.
Client presentation
IPT has been operating as an energy services and equipment provider to Mobile Network Operator in Africa and the Middle East. The group covers the following business activities:
- Equipment sales
- Services/O&M to MNOs
- ESCO
- Assembly for energy and telecom equipment
Project description
The project consists of a $33 million loan to support sales of innovative energy equipment solutions as part of the trading business, as well as financing capacity expansion in Guinea-Conakry and developing ESCO projects in new countries (Ethiopia and Guinea-Bissau).
Project impact
The expected impacts of this project are:
- 250 jobs created and 49,462 direct and indirect jobs maintained over the next 5 years
- 41,000 tons of CO2 avoided (energy efficiency) through the hybridization of telecommunications infrastructure in remote regions in the two countries
The project will contribute to SDGs 8 “Decent work and economic growth”, 9 “Innovation and infrastructure” and 13 “Climate action”.
This information is given at the time of signature, without prejudice to any developments in the operation/project
05/16/2024
Date of signature of the project
Multi-country Global Ethiopia Guinea Guinea-Bissau
Location
Financing tool
12 639 265
Euros
Amount of funding
USD 13.5m loan
IPI Group Holdings Ltd. / IPI Group (Holding) SAL
Cyprus
PZZ1673
CES
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on the same region
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on the same topic
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on the same financial tool
