Dar es Salaam. Axian Telecom, the parent company of Yas, has secured a $100 million investment from the European Investment Bank (EIB Global) to expand its mobile broadband networks in Tanzania and Madagascar.
According to a joint statement issued on Thursday, April 10, $60 million will be used for the expansions in Tanzania, whereas $40 million will be dedicated for operations in Madagascar.
This investment aims to enhance 4G coverage and continue the rollout of 5G services in both countries. In Tanzania, Axian Telecom operates under the Yas brand.
The company serves over 44 million subscribers across nine Sub-Saharan African countries, including Tanzania and Madagascar.
The EIB’s financing is part of the European Union’s Global Gateway strategy, which supports investments in digital infrastructure to promote economic growth and digital inclusion in emerging markets.
The project is expected to reduce geographic inequality in telecom access and drive sustainable development across the two countries.
Axian Telecom’s CEO, Mr Hassan Jaber, stated that the investment will expand mobile phone infrastructure in Madagascar and Tanzania and benefit millions of people, paving the way for socio-economic growth and better opportunities.
“The $100 million EIB Global financing will help us expand mobile phone infrastructure in Madagascar and Tanzania and benefit millions. This new large-scale network investment will pave the way for socio-economic growth, digital inclusion, and better opportunities,” he said.
On the other hand, the European Investment Bank’s Vice-President Ambroise Fayolle said digital connectivity opens doors for education, business, healthcare, and social inclusion.
“This new investment demonstrates the EIB’s commitment to empowering communities, fostering sustainable development, and driving positive change through enhanced access to affordable high-speed communications,” he said.
In January 2025, the company secured significant investments, including a $160 million loan from the African Development Bank to modernize and expand its network infrastructure, focusing on 4G and 5G deployment.
Share this news
This Year's Most Read News Stories
ZSSF money not for projects, says Ali Karume
Unguja. Veteran politician and diplomat Ali Karume has called on authorities of the Zanzibar Revolutionary Government (SMZ) to refrain from using the Zanzibar Social Security Fund money for establishing commercial projects.Continue Reading
Tanzania Declares Marburg Outbreak – Africa CDC Mobilizes Immediate Response
Addis Ababa, January 20, 2025</Strong> — Tanzania has declared a Marburg virus disease (MVD) outbreak after confirming one case and identifying 25 suspected cases in the Kagera Region of Northwestern Tanzania. The Marburg virus, a highly infectious and often fatal disease, is similar to Ebola and is transmitted to humans from fruit bats and monkeys. This outbreak marks the nation’s second encounter with the deadly virus, following the outbreak in Bukoba District of Kagera Region in March 2023, which resulted in nine cases and six deaths.
In response to this urgent threat, the Africa CDC is mobilizing strong support to help Tanzania contain the outbreak. A team of twelve public health experts will be deployed as part of an advance mission in the next 24 hours. The multidisciplinary team includes epidemiologists, risk communication, infection prevention and control (IPC), and laboratory experts to provide on-ground support for surveillance, IPC, diagnostics, and community engagement.
The Director-General of Africa CDC, Dr. Jean Kaseya, has engaged with Tanzania’s President Samia Suluhu Hassan and the Minister of Health to ensure coordinated efforts and secure political commitment for the response.
“Africa CDC stands firmly with Tanzania in this critical moment. To support the government’s efforts, we are committing US$ 2 million to bolster immediate response measures, including deploying public health experts, strengthening diagnostics, and enhancing case management. Building on Tanzania’s commendable response during the 2023 outbreak, we are confident that swift and decisive action, combined with our support and those of other partners, will bring this outbreak under control,” Dr. Kaseya stated.
Africa CDC has recently supported efforts to enhance the diagnostic and sequencing capacity of public health laboratories in Tanzania. PCR Test kits and genomic sequencing reagents have been dispatched, with additional supplies in the pipeline. To ensure rapid identification and confirmation of cases, the institution will also provide technical assistance to strengthen detection and genome sequencing for better characterization of the pathogen. Additionally, support will be provided to improve case management protocols and enhance the capacity to deliver safe and effective treatment.
Africa CDC is committed to working closely with the Government of Tanzania, regional partners, international organizations, and global stakeholders, including the World Health Organization, to stop the spread of the Marburg virus.
Source: allafrica.com
New lawsuit as Zanzibar airport controversy continues
Another company joins the list as they file a petition challenging the exclusive rights granted to Dnata by Zanzibar Airports Authority.Continue Reading
