Africa Development
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The World Bank has approved grants totalling US$350 million to the east African nations of Tanzania and Uganda. -
Liquid Telecom is to raise US$820 million in a bond and term loan financing package to refinance the group’s existing debt and to support its growth strategy.
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The US is investing US$300m in Liquid Telecom’s Africa Data Centres (ADC), to fund expansion in South Africa and Kenya as well as new builds and acquisitions elsewhere.
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African nations are uniting to buy data capacity in bulk with the aim of halving the cost of internet access.
