Dar es Salaam, April 12 -- DAR ES SALAAM: The European Investment Bank (EIB Global) has unveiled a 100 million US dollars financing package for Axian Telecom to expand mobile broadband infrastructure in Tanzania and Madagascar.

The project will expand 4G mobile broadband network infrastructure across the two countries as well as continuing the introduction of 5G coverage.

The 60 million US dollars of the financing will benefit Tanzania and 40 million US dollars go to Madagascar.

Axian Telecom operates under the Yas brand in both countries.

This new Global Gateway investment, backed by a budgetary guarantee of the European Commission, will enhance access to high-speed communications, accelerate inclusive digitalisation, and drive susta...