Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF), has committed XOF23.5-billion to a XOF75-billion receivables-backed bond issued by securitisation vehicle Fonds Commun de Titrisation de Créance. This will support West African telecommunications carrier Sonatel's expansion, modernisation and digital transformation plan in Senegal and beyond, boosting the company's network and improving its technology and equipment, as well as supporting the deployment of digital infrastructure, including subsea international cables, fibre to the home, cloud, new towers powered by hybrid and solar solutions and the roll-out of fifth-generation across key markets.
