The communications revolution defines our times. In Africa, it is estimated that almost half the population will own a mobile device by 2020. Driven by the private sector, this breakthrough enables users to not just make calls, but receive price information for their goods and services, transfer money by mobile banking, and obtain health information that saves lives. But too many people are still cut off.
In broadband, the access issues are even starker. By the end of 2015, only about 34 percent of households in developing countries used the Internet, compared to more than 80 percent in developed countries.
Improved mobile and broadband access is one of the most fundamental enablers of private sector growth and job creation today, especially in the emerging markets, and can quickly increase the inclusion of people once cut off from economic growth.
In telecommunications, properly structured PPPs can play a key role in giving local populations access to the latest technologies, increasing the efficiency of communications, and reducing the cost of services.
To significantly expand telecommunications services in the earthquake-ravaged country, this PPP is expected to modernize Teleco, help improve the company's technical and financial capacities, modernize its infrastructure, and provide new services to its customers.
IFC assisted the Kenyan government with a restructuring package that demanded transparency and a need to balance the interests of several players, both public and private.
UGANDA: POSTS AND TELECOM
IFC re-envisioned and restructured the country’s telecommunications industry to fulfill demand, meet business obligations, and comply with legislative conditions. The program ultimately positioned Uganda as a telecommunications industry leader.
IFC PPPS IN ICT
Progress in telecom is changing how people communicate and do business. These projects illustrate the importance of well structured PPPs in addressing challenges in the telecom sector of developing countries.