Orange Mali S.A (IFC-49673)

Countries
  • Mali
Geographic location 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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Orange Mali SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Communications
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 79.46 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 70
Converted using 2025-04-11 exchange rate.
Project Cost (USD)
$ 138.49 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 122
Converted using 2025-04-11 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS May 25, 2025

Disclosed by Bank Apr 11, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the proposed IFC financing consists of a senior, unsecured loan comprising an A Loan in the amount of up to €70 million equivalent in local currency to the Company, for IFC’s own account, and Parallel loans to the Company mobilized in the amount of XOF 20 billion.

This Project is expected to increase uptake of fixed and mobile connectivity by individuals and businesses through network expansion and modernization in Mali. Successful implementation of this transaction is anticipated to increase the number of 4G connections and fixed broadband subscriptions. Beyond the Project, this transaction is anticipated to sustain the competitiveness of the retail broadband market in Mali by supporting the Company’s expansion strategy of extending high-speed connectivity particularly in underserved areas. If successful, this transaction could incentivize other players to further invest in network expansion and modernization in Mali where innovation of digital technologies is still limited.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

This is a Category B project according to IFC's Policy on Environment and Social Sustainability (2012) and is expected to have limited adverse E&S risks and/or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures. Key E&S aspects identified during the appraisal are: (i) adequacy of the company’s E&S management system (ESMS); (ii) labor and working conditions for direct employees and contractors alike, including aspects related to occupational health and safety (OHS); (iii) transport management and ensuring the safety of drivers and the public; (iv) security management; (v) assessment and management of biodiversity related impacts; and (vi) stakeholder engagement.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Through its investment, IFC will be financing the Project, i.e. Orange Mali’s capital expenditure plan of about €122 million for part of 2025/2026, which is focused on core network infrastructure, coverage expansion, and improvement of the quality of service (QoS) in urban and rural areas, including in poorly served regions of Mali.

The proposed IFC financing consists of a senior, unsecured loan comprising an A Loan in the amount of up to €70 million equivalent in local currency.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Orange Mali S.A. is the leading telecommunications service provider in Mali (60% market share), with 13.5 million subscribers). It offers a wide range of services, including communication services (voice, data, fixed broadband), mobile money services, and energy (solar kits). The Company was established in 2003 and is majority-owned (69%) by Sonatel SA, the leading MNO in Senegal and an IFC existing client.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Orange Mali S.A. Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Orange Mali S.A
Mahamane Hanna Toure
Head of Treasury Division
+223 76 29 95 90
mahamanehanna.toure@orangemali.com
B.P.E 3991 Hamdallaye ACI 2000, Bamako Mali
https://www.orangemali.com/

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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 CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works