Telecom

EIB grants $25 mln to support optical fiber connection in Cape Verde

Thursday, 11 July 2019 18:13
EIB grants $25 mln to support optical fiber connection in Cape Verde

(Ecofin Agency) - Cape Verde’s incumbent operator, Cabo Verde Telecom, gets a $25 million loan from the European International Bank (EIB) to further the high-speed connection in the country through the submarine optical fiber system called “EllaLink”.

The EIB fund will back the $60 million investment made by Cabo Verde Telecom to speed up 4G roll out in the country, broaden fiber-to-the-home Internet coverage, and power the telecoms network with solar energy. The new link will strengthen the resilience of Cabo Verde's international connections, which currently rely on an aging single submarine cable with limited capacity.

According to José Luís Livramento M. A. de Brito (photo), Chairman of the Board of Directors of Cabo Verde Telecom, the EIB's investment will improve connections between the country's islands and the rest of the world, as well as communications across the country. “The connection to the EllaLink cable, which will be financed by the new EIB loan, is essential for the future of Cabo Verde and will open up a range of exciting opportunities,” he added.

For Jane Feehan, the European Investment Bank's regional representative for West Africa, this project represents a milestone on the ICT segment for the Portuguese-speaking small island state; a key element of an enabling environment for its economy. “This investment will provide economic and social benefits to Cape Verdeans at home and abroad,” she said.





 
Finance


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.