The Empower Africa Business Platform is Now Live !!!
The official launch, held on Wednesday, July 10th, brings GVA’s high-speed FTTH (fiber-to-the-home) network to Kampala, the 13th African city, to benefit from its services.
GVA has already invested 50 billion Ugandan shillings (approximately $13.5 million) in laying fiber optic cables across Kampala.
This initial infrastructure can connect up to 140,000 homes, and Julius Kayoboke, Managing Director of GVA Uganda, says ambitious plans are in place to expand the network to serve an estimated 500,000 people within the next four years.
CanalBox’s arrival in Uganda is expected to shake up the country’s internet landscape, currently dominated by telecommunication companies.
This increased competition is anticipated to benefit consumers through improved service quality and potentially lower costs.
The launch comes at a crucial time for Uganda, which is experiencing a rapid digital transformation fueled by a growing demand for high-speed internet connectivity.
The Uganda Communications Commission (UCC) reports that the nation has over 27.7 million internet users, with a penetration rate of 61%.
“The internet has revolutionized societies in ways we never imagined before,” remarked Thomas Tayebwa, Deputy Speaker of the Ugandan Parliament, who attended the launch ceremony.
“It has reshaped how we live, work, and connect with each other – impacting communication, information sharing, business transactions, education, and even service delivery.”
Esoko offers up-to-the-minute data on market prices, along with three-day weather forecasts and valuable agricultural advice, all delivered through text messages.
Nigerian edtech startup Klas has raised $1 million in pre-seed funding to fuel its mission of making online education accessible and empowering content creators worldwide.
Octane, a fintech firm specializing in digital payment solutions for fleet operations, has successfully raised $5.2 million in a funding round aimed at accelerating its regional growth and technological development.