Google pushes ahead with $1bn digital Africa investment drive with new continental boss
Google is progressing with its investment in the African digital landscape and has announced the appointment of a new regional managing director to help oversee its efforts. Alex Okosi will replace Nitin Gajria who has been transferred to Singapore to take on the role of managing director – AP...
September 13
Africa50 tops $6.6bn in critical infrastructure investments
African investment platform Africa50 has reached the milestone of US$6.6 billion in investments over the course of six years. Founded in 2017, the group was established by African governments and the African Development Bank to mobilise financing for mega infrastructure projects with significant development impact including digital infrastructure. The platform has recent...
July 26
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
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