WIOCC raises $ 100 million from EAIF and AFD for African Internet connectivity development
During the next 5 years, wholesale telecom provider West Indian Ocean Cable Company (WIOCC) hopes to widen its customer base, develop a more competitive market and aid in reducing both wholesale and retail Internet connectivity pricing. WIOOC also plans to develop capacity through the delivery of computer training for women to facilitate gender balance in the workforce. WIOOC will leverage a $100 million loan accessed through the Emerging Africa Infrastructure Fund (EAIF) and the French Development Agency subsidiary Proparco. WIOCC holds shares in the submarine fiber optic cable EASSy, and delivers a fully integrated subsea and terrestrial fiber optic network across the African continent covering 55,000 km and interconnects 550 sites.
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