Asset manager Mirova has provided a $15m (€13m) loan to communications and satellite services provider iSAT Africa Mauritius to support the deployment of solar-powered mobile towers in Liberia and Zambia.
Natixis Investment Managers affiliate Mirova said the 10-year facility, provided by the Mirova Gigaton Fund, will finance the rollout of scalable network-as-a-service and energy-as-a-service solutions as part of iSAT’s broader 1,000-tower expansion strategy across Sub-Saharan Africa.
John Kimotho, investment director, Mirova Kenya, said: “This investment reflects Mirova’s ambition to accelerate the clean energy transition in hard-to-abate sectors, while delivering tangible social benefits. By supporting iSAT’s solar-powered tower deployments, we are helping reduce emissions from telecom infrastructure and enable digital inclusion in remote rural areas.”
Rakesh Kukreja, CEO, iSAT Africa said: “We are delighted to partner with Mirova, whose commitment to sustainable infrastructure aligns with iSAT Africa’s mission to bridge the digital divide across the continent. This partnership validates our integrated model combining telecom infrastructure, renewable energy, and innovative services for scalable connectivity in underserved markets.
“By deploying solar-powered telecom infrastructure, we are building a resilient platform that expands coverage, reduces carbon emissions, and accelerates inclusive digital and economic growth across rural communities.”
To read the latest IPE Real Assets magazine click here.
