News Digital

Yas Secures €25 million from IFC to Modernize its Networks in Comoros

Yas Secures €25 million from IFC to Modernize its Networks in Comoros
Monday, 23 June 2025 08:02

The announcement highlights the growing role of public-private partnerships in driving Africa’s digital transformation and underscores Comoros’ ambition to become a more connected, innovative, and inclusive digital economy.

Yas Comoros, a subsidiary of AXIAN Telecom, announced on June 20 a major partnership with the International Finance Corporation (IFC) to boost digital infrastructure across the Union of the Comoros. The collaboration will support the next phase of digital transformation by expanding high-quality mobile and fixed broadband services across the archipelago.

“This loan is an opportunity not only to modernise our network but also to invest in advanced technologies that will accelerate the digitisation of the Union of the Comoros over the next five years,” said Christophe Oliver, CEO of Yas Comoros. “We are committed to delivering improved connectivity for all — consumers, businesses, and government institutions — in support of the country’s digital vision.”

As part of the agreement, IFC will provide €25 million in new financing to Yas Comoros to accelerate the rollout of telecom infrastructure, enhance network quality, and strengthen inter-island connectivity. The investment builds on IFC’s €13 million loan in 2019, which helped establish Yas Comoros as the country’s second telecom operator. That initial loan, IFC’s first private sector investment in Comoros, was fully repaid in June 2025.

Now the fastest-growing unit within AXIAN Telecom, Yas Comoros will use the new funding to meet rising demand for data services and invest in next-generation technologies, including 5G, fibre-to-the-home (FTTH), and fibre-to-the-office (FTTO), with deployments beginning in 2025.

Minister of Post, Communications, Digital Economy and Transparency, Oumouri Mmadi Hassani, hailed the investment as a turning point for Comoros’ connectivity: “This €25 million loan marks a key milestone in our telecom sector. It will strengthen digital infrastructure, especially in underserved areas, stimulate innovation, and enhance the country’s economic competitiveness. We commend IFC’s continued commitment to transparency and inclusive development in the digital economy.”

With only 35.7% of Comorians currently online, according to DataReportal, the partnership between Yas Comoros and IFC represents a crucial step toward closing the digital divide and ensuring broader access to the internet. By expanding high-speed mobile and fixed broadband infrastructure across the islands, the initiative will help bring millions of people online for the first time. This increased connectivity has the potential to unlock economic opportunities, improve access to education, healthcare, and financial services, and drive inclusive growth.

Hikmatu Bilali

 

On the same topic
China launches AI contest targeting African innovators and students Initiative aims to identify high-impact solutions across key...
Campus to train youth in coding, data, and artificial intelligence Backed by Axian Group, France, and the European Union Project supports Togo’s...
Government launches plans to improve data use and public services Strategy aims to support responsible use of artificial intelligence Move...
Onatel signs $5.9 million deal to expand rural 4G Project targets 92 localities, 370,000 people in 18 months Initiative aims to narrow...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
03

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
04

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
05

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.