pan-African telecommunications and data centre infrastructure company, has secured a US$30-million equity investment from the International Finance Corporation .
Wiocc, which was one of the original investors in the Eassy submarine broadband cable system along Africa’s east coast, is aggressively deploying fibre and data centre infrastructure across the continent. The investment in Wiocc builds on the IFC’s previous financing to Wiocc Group, which included a $20-million loan issued in 2020 issued by its fast-track Covid-19 financing facility, which was set up to help sustain economies and preserve jobs during the pandemic.Wiocc sees big opportunity as Equiano, 2Africa cables come online
“This new investment supports our goal of establishing an integrated, open-access, core-to-edge cloud ecosystem throughout the African continent, underpinned by truly scalable, carrier-neutral, open-access, shared infrastructure that delivers high-quality and affordable digital connectivity,” said Wood in a statement about the IFC’s latest investment.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Cell C finance boss joins Oceana GroupOceana Group appoints former Cell C CFO Zaf Mahomed as chief financial officer designate and executive director. CareerMoves Oceana CellC
Source: ITWeb - 🏆 45. / 51 Read more »