AXIAN Telecom has secured a €170 million financing package from the European Bank for Reconstruction and Development (EBRD) to accelerate network expansion and digital infrastructure investments in Kenya and Senegal as the telecommunications group continues to strengthen its footprint across Africa.
The funding will support the rollout of next-generation connectivity and enhance broadband infrastructure in both markets, reinforcing AXIAN’s strategy of expanding access to high-quality digital services and supporting economic development through telecommunications investment.
In Senegal, the financing will be used to expand active 4G and 5G network coverage, strengthen core network infrastructure, and accelerate fibre-optic deployment to improve connectivity for businesses and consumers.
In Kenya, the investment will support the modernization and expansion of fibre infrastructure following AXIAN Telecom’s acquisition of Wananchi Group, a transaction that marked the company’s entry into the Kenyan telecommunications market. The planned upgrades are expected to enhance broadband capacity and improve digital services across the country.
The latest financing follows the African Development Bank’s approval of a $160 million senior corporate loan to AXIAN Telecom in 2025. That facility was intended to improve digital connectivity and promote financial inclusion across nine African countries while supporting investments in 4G and 5G infrastructure and the expansion of digital financial services.
The EBRD financing underscores the increasing role that development finance institutions are playing in supporting telecommunications infrastructure across Africa. Beyond expanding network coverage, such investments are aimed at improving internet accessibility, increasing data capacity, fostering competition in underserved markets, and enabling broader digital inclusion.
For AXIAN Telecom, the additional capital strengthens its ability to execute long-term infrastructure projects that support the continent’s digital transformation agenda while meeting growing demand for high-speed connectivity and modern communications services.
As governments and businesses across Africa continue to prioritise digitalisation, investments in telecommunications infrastructure are expected to remain a key driver of innovation, financial inclusion, and economic growth.
