Telecommunications company obtains $30 million to boost connectivity in Tanzania

Dar es Salaam. TowerCo of Africa Tanzania (TOA Tanzania), a passive telecommunications infrastructure provider, has signed a $30 million financing agreement with British International Investment (BII) that will see the former build an additional 200 telecommunications sites across the country.

Owned by the UK Foreign, Commonwealth and Development Office, Bill is the UK government’s development finance institution.

Founded in February 2023, TOA Tanzania focuses on owning and operating passive telecommunications infrastructure for leasing to mobile network operators.

As such, the 200 new sites will significantly increase coverage, particularly in the rural regions of mainland Tanzania and Zanzibar, connecting previously isolated populations, helping to improve the lives of up to 600,000 people.

TOA Tanzania CEO Innocent Mushi said the funding agreement with BII reinforces his company’s commitment to expanding connectivity and closing the digital divide in Tanzania.

“With BII’s invaluable support, we are well equipped to accelerate our growth trajectory and provide essential telecommunications services to underserved communities,” he said.

As a company committed to environmental sustainability and community development, Mr. Mushi added, the design of the new sites prioritizes environmental protection through meticulous site selection, the utilization of renewable energy sources and responsible environmental practices. waste disposal.

BII Director and Head of Private Debt Richard Palmer said expanding digital infrastructure was critical to fostering sustainable economic development in Tanzania.

“By focusing on rural areas, TOA Tanzania not only promotes inclusion, but also ensures that the benefits of technological advances reach the most underserved communities,” he said.

Witnessing the signing in Dar es Salaam was the British High Commissioner to Tanzania, Ambassador David Concar, who said the BII investment will help expand telecommunications connectivity and support isolated populations in Tanzania.

As part of its aggressive growth strategy, TOA Tanzania aims to double the size of its site portfolio by the end of its first year of operations. Once completed, the new sites will not only expand network coverage to underserved communities, but will also support government digitalization efforts, foster financial inclusion and generate employment opportunities throughout their lifecycle, from design and construction to maintenance.

At the event, the Minister of Information, Communications and Information Technology, Mr. Nape Nnauye, commended TOA Tanzania for securing funding from BII, noting that the government is keen to collaborate with the private sector to address the challenges facing the sector with a common goal of improving the accessibility of digital and communication services.