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IFC invests into Africa’s West Indian Ocean Cable Company Holding

Over the last decade, IFC committed and mobilized more than US$7 billion in digital infrastructure and services.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

September 28, 2022 | 11:02 PM BST

IFC invests into Africa’s West Indian Ocean Cable Company Holding

Left to right: Morgan Landy, IFC Global Director for Infrastructure; Matifadza Chikaura, IFC Associate Investment Officer, Infrastructure; Chris Wood, WIOCC Group CEO; Mohamed Gouled, IFC Vice President of Industries; Chijioke Egejuru, IFC Investment Officer, Infrastructure; Mike Last, WIOCC Group Chief Marketing Officer; Stuart Blythe, Baker Botts Partner. Source: IFC

The Tech Capital

IFC has carried out a US$30 million equity investment into West Indian Ocean Cable Company Holding Ltd (WIOCC Group) to support further rollouts of terrestrial fibre-optic networks, investment in new subsea cables, and the launch of edge data centres infrastructure across Africa.

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João Marques Lima

Founder and Editor, The Tech Capital

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