The French Development Agency (AFD) granted a €110 million (CFA72, 131, 147, 540) loan to Côte d'Ivoire to complete the construction of a 7,000 km fiber optic network.
The project agreement was signed June 29 in Abidjan between Bruno Leclerc, Côte d'Ivoire’s AFD country manager, and Euloge Kipeya, Director General of the national agency for universal telecoms services “Agence nationale de service universel des télécommunications-TIC (ANSUT)”.
The highly anticipated financing will allow populations and businesses to benefit from better access to quality communication services at affordable rates across the country. The project is scheduled to be completed by the end of 2018, Euloge Kipeya said.
The fiber network which was launched in 2012 was estimated at around 5000 km in 2017, up from 2000 km at the end of 2016. Back in 2015, local commercial banks had approved CFA100 billion in financing to advance work.
Bruno Leclerc stressed that the €110 million new financing is a non-sovereign loan. This type of loan is a financing facility granted by AFD to public enterprises, local authorities, public institutions or NGOs, without any guarantee from the beneficiary State. Let’s note that the loan has 20-year term period of which five years are deferred.
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...
MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...
Altona Rare Earths has secured U.S. support for the Monte Muambe rare earth project in Mozambique. The move reflects Washington’s push to diversify...
South Africa has resumed local production of foot-and-mouth disease vaccines after a 21-year halt. The move comes as FMD outbreaks affect eight of...
Phatisa reaches $86 million first close for food fund Backed by BII, IFC, and other development finance institutions Fund targets Africa’s food...
Algeria’s Annaba port expansion due for completion by end-2026 Project adds 10 million-tonne mineral quay linked to phosphate rail line Upgrade...
Essaouira is a coastal city in Morocco, on the Atlantic Ocean, in the Marrakech–Safi region, about two and a half hours by road from Marrakech. It stands...
The Pan African Film & Arts Festival (PAFF) will run from February 7 to 22, 2026, in Los Angeles, positioning itself as a major soft power platform for...