Link Africa (IFC-37790)

  • Ghana
  • Uganda
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 9, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Communications
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 23, 2017

Disclosed by Bank Jun 7, 2017

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Project Description
The project is for a new company, CSquared Link Holdings (Mauritius) Limited (“CSquared” or the “Company”), to be formed as a partnership between IFC, Google Inc., Mitsui & Co., Ltd., and Convergence Partners Communication Infrastructure Fund (each, an “Investor”) to build metro fiber networks in Sub Saharan Africa (“SSA”) (the “Project”) to create shared infrastructure for broadband operators. Google will contribute seven companies to the Company in in exchange for cash and equity in the Company: CSquared Ghana, CSquared Uganda, CSquared (Uganda) Holdings, CSquared DRC, RDC Connect, Moja Access (Kenya), and CSquared Liberia, two of which have been actively operating on the ground in Africa – CSquared Ghana and CSquared Uganda have implemented fiber-optic network projects in Kampala and Entebbe in Uganda with 800 total kilometers of underground fiber, and in Accra, Ghana with 840 total kilometers of underground fiber. CSquared will utilize lessons of experience from those existing operations, and will establish new subsidiaries in each new country to which it expands. The Project will initially involve the development of the existing operations in Uganda and Ghana with the goal of expanding into new markets in Sub-Saharan Africa. During this initial phase, IFC will provide an initial equity investment of US$15 million. CSquared will then serve as a platform to expand into new markets with additional investments in the Sub-Saharan Africa region in the future. Additional markets in Sub-Saharan Africa are expected to be determined based on further review and approval by the Partners. Warehouse services will be provided by third parties; equipment will be located with other companies’ equipment in leased spaces; office spaces will be leased.
Investment Description

Contact Information
Bhavesh Mistry Google Kenya Ltd. 7th Floor, Purshottam Place Westlands Road, P.O. Box 66217 - 00800 Westlands Nairobi, Kenya Email: Mobile: +254 733738131 / Office: +1 415-736-6002 ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at