AXIAN Telecom is strengthening its investment to support network expansion and digital infrastructure investments across its markets, in Kenya and Senegal, after acquiring €170 million loan from the European Bank for Reconstruction and Development (EBRD).
In Senegal, the funds will be used to grow active 4G and 5G networks, enhance core network infrastructure and accelerate fibre deployment while in Kenya, the investment is aimed at supporting modernization and expansion of fibre infrastructure following AXIAN’s acquisition of Wananchi Group, marking it’s entry into the Kenyan market.
The deal follows the African Development Bank’s 2025 approval of a $160 million senior corporate loan to AXIAN Telecom. The finance was aimed at improving digital connectivity and advancing financial inclusion across nine African countries, while supporting the modernisation of 4G and 5G networks and the expansion of digital financial services.
The investment highlights the growing focus of development finance institutions on telecom infrastructure as a driver of economic growth. For lenders such as the European Bank for Reconstruction and Development (EBRD) and the African Development Bank (AfDB), supporting AXIAN goes beyond network expansion to improving internet access, advancing digital financial inclusion, increasing data capacity, and strengthening competition in underserved markets.
Furthermore, the funding provides long-term capital for AXIAN to meet growing demand for data services, expand fibre networks, roll out 5G infrastructure and scale mobile money operations.
In its assessment, the EBRD identifies environmental and social considerations, including privacy, data protection, and cybersecurity risks, reiterating the increasing significance of responsible investment as telecom networks become essential to economies, digital ecosystems and public services.
AXIAN Telecom also which offers mobile and fixed broadband services under the Yas brand and provides mobile financial services through Mixx by Yas and Mvola in selected markets, continues to emerge as one of the Africa’s fastest growing telecommunications company with presence across several African countries including, Madagascar, Kenya, Senegal, Tanzania, Uganda, Togo, Democratic Republic of Congo and Malawi, strengthening digital connectivity, financial inclusion and access to telecommunications services across Africa.
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