Key Developments

SEACOM secures $207 million from IFC to boost digital connectivity in Africa

| Article

SEACOM LTD, one of the leading Pan-African data services providers, has secured $207 million in funding from the International Finance Corporation (IFC) to accelerate digital connectivity in seven African countries.

The funding will be utilized to expand and upgrade its submarine and terrestrial cable infrastructure across the African continent. The funding will also support deploying new fiber-optic networks and enhancing existing infrastructure, ensuring faster, more reliable, and affordable internet connectivity for businesses and consumers.

The seven countries set to benefit from SEACOM’s infrastructure development include Kenya, Tanzania, Mozambique, South Africa, Rwanda, Uganda, and Djibouti. These countries were selected due to their strategic geographic locations and potential to significantly impact regional digital transformation efforts. The investment aligns with SEACOM’s commitment to bridging the digital divide and promoting inclusive growth in Africa.

The project aims to unlock opportunities in various sectors, including e-commerce, telecommunication services, healthcare, education, and finance, by bolstering digital connectivity. Improved internet access will enable businesses to expand operations, drive innovation, and enhance productivity.

Related Articles

Register Now

Empower Africa Times Newsletter

Share :

You may also like...

© 2021 Empower Africa. All rights reserved.

Sign Up to Our Newsletter: The Empower Africa Times

Get Invites to Events, Opportunity Updates,
and Curated Business Information.