(Ecofin Agency) - Fibrecom announced it has committed $50 million to support digital transformation in Zambia over the next two years.

“We are injecting an additional US$50 million to support the Government’s objective of developing a robust digital space in the economic transformation of the country. We are supporting the Government-led Smart Zambia program in providing connectivity countrywide. We are going in areas where the private sector may not see any economic sense,” said MD Simon Muwowo in an interview with Zambia Daily Mail.

The subsidiary of power utility Zambia Electricity Supply Corporation (Zesco) has to date injected a total of $110 million in the development of optical fiber connectivity. According to Muwowo, digital transformation is all the more important as the current coronavirus pandemic has highlighted the crucial role of high-speed connectivity for economic recovery and sustainability.