IFC invests $45 million in clean telecom power to boost Africa connectivity

International Finance Corporation (IFC) has committed $45 million to IPT PowerTech to expand clean and reliable telecom power infrastructure across Ethiopia, Liberia, and Sierra Leone, strengthening digital connectivity in underserved markets. 

The investment targets regions where unreliable electricity continues to constrain telecom networks, limiting access to mobile services and economic participation.

Powering digital inclusion
The funding will support the modernization, operation, and maintenance of 2,235 telecom sites, more than 90% of which are located in off-grid or weak-grid مناطق. By deploying solar and battery hybrid systems, the project will reduce network outages, improve service quality, and cut reliance on diesel generators.

Optimizing the energy mix is expected to lower power costs for telecom operators by up to 52% in Ethiopia, 30 percent in Liberia, and 26% in Sierra Leone, while reducing carbon emissions by more than 10,624 tonnes annually. The improvements are set to enhance mobile coverage and enable more reliable digital services for households, schools, health facilities, and small businesses.

Driving sustainable telecom infrastructure
“This agreement reflects a shared vision for a greener telecom industry,” IPT PowerTech CEO Nabil Haddad said, noting the company’s focus on scaling energy-efficient platforms with measurable environmental and operational impact.

IFC said the investment underscores the role of private capital in delivering scalable infrastructure solutions. “Reliable and affordable power for telecom networks is a cornerstone of Africa’s digital transformation,” said Nathalie Kouassi-Akon, IFC Division Director for West Africa. “This partnership enables operators to extend coverage, improve service quality, and reach underserved communities more sustainably.”

Blended finance unlocks expansion
The financing package comprises a $27 million A-loan from IFC and $18 million in blended finance from the Canada-IFC Blended Climate Finance Program and the IDA Private Sector Window. It marks IFC’s first direct infrastructure investment in Liberia in a decade and in Sierra Leone in six years.

Beyond financing, IFC will support IPT PowerTech in strengthening environmental and social standards across its operations, while advancing broader initiatives such as Mission 300 and the Digital Economy for Africa strategy aimed at expanding electricity access and digital connectivity across the continent.