Mirova provides $15m loan to iSAT Africa Mauritius for solar-powered telecom towers in Liberia and Zambia

Mirova's Gigaton Fund has committed a $15 million loan to iSAT Africa Mauritius, specifically targeting the deployment of solar-powered telecom towers across Liberia and Zambia. This financing structure enables iSAT Africa Mauritius to expand essential connectivity infrastructure into underserved African markets, leveraging a debt facility rather than equity dilution. The commercial logic centers on addressing the significant demand for reliable telecommunications in these regions while simultaneously integrating renewable energy solutions. This approach aligns the project with growing environmental, social, and governance (ESG) mandates, attracting capital from specialized funds like Mirova's Gigaton. The loan facilitates iSAT Africa Mauritius's operational expansion, allowing the company to extend its pan-African satellite communications network into new territories with a sustainable energy footprint. For Mirova, a mission-driven asset manager specializing in sustainable finance, this $15 million loan from its Gigaton Fund directly supports its mandate for energy transition infrastructure investments. This transaction allows Mirova to deploy capital into a tangible project that expands critical infrastructure while utilizing renewable energy, fitting squarely within its broader investment solutions. iSAT Africa Mauritius, established in 2009, will utilize this financing to build upon its existing pan-African satellite communications network, which already spans over 40 countries. The company's established track record in providing VSAT connectivity and managed services across Africa provides a strong operational foundation for this expansion into Liberia and Zambia. This deal underscores a continued investor appetite for infrastructure projects that combine essential service provision with sustainable energy solutions, particularly within rapidly developing African telecom markets.