• IFC signals interest in telecom and digital infrastructure projects

• Guinea seeks partners to close gaps in connectivity and network coverage

• Working group to define potential investment framework

Guinea seeks to accelerate the development of its digital infrastructure with support from international partners.

On the sidelines of the Connected Africa Summit held from April 27 to 30 in Kenya, Communications and Digital Economy Minister Mourana Soumah met with officials from the International Finance Corporation (IFC), who expressed interest in financing the sector.

The discussions focused on investment opportunities in Guinea as the country advances its digital transformation. The IFC showed particular interest in telecommunications, especially digital infrastructure, which authorities view as a key driver of economic and social development. The institution also signaled readiness to mobilize significant funding to support Guinea’s efforts.

No specific amount or project has been announced at this stage. However, both sides agreed to set up a working group to identify areas of cooperation and structure a potential partnership. This approach, commonly used in infrastructure projects, helps prepare for more concrete investments, often through public-private partnerships.

For Guinean authorities, the priority is to address gaps in infrastructure, particularly in connectivity and network coverage, which continue to limit the growth of the digital economy. According to the United Nations, Guinea recorded a score of 0.4323 out of 1 in the digital infrastructure index in 2024, one of the components of the global e-government development index (EGDI). This compares with an African average of 0.4534 and a global average of 0.6896.

Improving these indicators is seen as critical to support digital services, attract investment, and expand digital inclusion.

The initiative reflects a broader trend across Africa, where governments increasingly turn to international financial institutions to fund digital transformation. The IFC has already supported or held discussions with several countries and companies in this area, including Burundi and Somalia, as well as firms such as Maroc Telecom, Orange Mali, Gozem, and Raxio.

Adoni Conrad Quenum