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EAAIF Makes Anchor Investment of $28 Million in Africell
The Emerging Africa & Asia Infrastructure Fund has invested in the African mobile operator’s $300m international public bond, the proceeds of which will strengthen mobile and data connectivity for subscribers in four countries.
- Categories
- Investing, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Report: Mobile Internet ‘Usage Gap’ Comprises More Than 3 Billion People
The GSMA estimates investment of $418 billion will be needed to achieve universal mobile internet access.
- Categories
- Technology, Telecommunications
- Region
- Global
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IHS Towers, Africa’s Largest Telecom Tower Company, Secures $439 Million Loan to Refinance Debt and Support Expansion
By refinancing early, the company may benefit from better terms, potentially lowering interest costs and extending its debt repayment timeline.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
- Tags
- employment, lending
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Pan-African Telco Paratus Group Partners with Low Earth Orbit Satellite Operators to Extend its Internet Network
Through its partnership agreements with global low earth orbit (LEO), Paratus is positioning itself to offer an extensive LEO satellite network across Africa as regulatory and satellite coverage hurdles are overcome.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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MTN Congo Launches 5G, Claims First in Central Africa
MTN Congo announced the deployment of its 5G network in Congo, claiming that the country is the first to launch 5G in Central Africa and a "digital revolution" that will transform Congolese lives.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Elon Musk’s Starlink Shakes up Competition in Africa
Starlink’s satellite internet rollout across Africa is sparking complaints of unfair competition from telecommunications companies and internet service providers.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
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Press Release: IFC and Airtel Africa Partner to Increase Access to High-Speed Mobile Connectivity in Sub-Saharan Africa
Despite this connectivity gap, up to 86 percent of firms on the continent use mobile phones for business operations, according to IFC's recent report on digital connectivity in Africa.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Chinese Budget Smartphone Brand Transsion Says Finance Head Detained in Investigation
Transsion is one of the largest Chinese smartphone vendors, with a focus on developing markets in fast-growing regions such as Africa and South Asia.
- Categories
- Technology, Telecommunications
- Region
- Asia Pacific
- Tags
- corporations