World Bank
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Two members of the World Bank Group will support Safaricom Ethiopia’s greenfield telecommunications network across Ethiopia. -
The development arm of the World Bank has lent Airtel Africa US$194 million to expand services and improve sustainability in six countries.
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The World Bank is investing US$160 million into the Safaricom project to build a new network in Ethiopia.
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The World Bank’s International Finance Corporation (IFC) is investing US$100 million in DigitalBridge tower and data centre projects in Brazil, Indonesia and Malaysia.
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The World Bank has approved grants totalling US$350 million to the east African nations of Tanzania and Uganda.
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Liquid Telecom began as a carrier providing services across Africa. Now, CEO Nic Rudnick tells Alan Burkitt-Gray why they’ve changed the name to reflect the group’s new business.
Forthcoming events
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Ethiopia has again extended the deadline for telcos to bid for new operating licences.
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IFC, part of the World Bank Group, is to loan US$3 million to the Kyrgyz Republic's largest private wholesale broadband operator, its first investment in the country.
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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 World Bank has warned the government of Ethiopia not to take measures that hinder the development of telecoms in the country.
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The West Indian Ocean Cable Company Ltd (WIOCC) has welcomed a US$20 million cash injection from the IFC to boost connectivity across Africa.
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Vodafone Wholesale, a subsidiary of Vodafone Ghana, has constructed a second fibre-optic network link that connects Ghana to landlocked countries within the West African sub-region.
