IFC, PROPARCO support WIOCC Group’s green financing round for Pan-African digital infrastructure expansion
The World Bank Group’s International Finance Corporation (IFC) and the Agence Française de Développement Group’s subsidiary PROPARCO have backed a green financing round into Pan-African digital infrastructure provider WIOCC Group. The financing, which includes loans of ZAR 200 million (US$...
June 21
IFC-backed WIOCC in shareholder agreement to build DR Congo data centre
IFC-backed wholesale infrastructure provider West Indian Ocean Cable Company (WIOCC) has signed a shareholder agreement with Texaf for the construction of a data centre in Kinshasa, in the Democratic Republic of Congo (DRC). According to the agreement, Open Access Data Centres (OADC), a subsidiary of WIOCC, will manage the facility, expected to be operational by November 20...
July 31
Laser Light, WIOCC strike $129 million master services agreement for Africa
Laser Light Companies and WIOCC have signed a five-year US$129 million master services agreement to bulk up Africa’s digital infrastructure backbones. As part of the terms, Laser Light will contract with WIOCC for capacity on terrestrial and subsea cables in and around Africa and support services. In turn, WIOCC will use Laser Light for its global connectivity needs be...
July 17
IFC, Standard Bank loan nearly $100m to African cell tower operator
African tower operator Eastcastle Infrastructure has executed a US$92 million loan facility to support new telecommunications infrastructure throughout the Democratic Republic of Congo (DRC). The facility was arranged by the International Finance Corporation (IFC) and in partnership with Standard Bank Group which acted as co-lead mandate arranger and will provide US$32 mill...
July 05
A morning briefing on what you need to know in the day ahead, including exclusive commentary from Tech Capital's writers
