On January 21, 2016, at the World Economic Forum held in Davos, a new global partnership was established during a session of the UN Broadband Commission for Sustainable Development. The goal of this partnership which involved all the Forum’s participants is to connect 1.5 billion people more to internet by 2020.
Presently, only 3.2 billion people, out of a world population of 7.4 billion, have access to internet, UN says. This means that about 4.2 billion people more lack access to internet.
In the 48 countries known to UN as the least developed in the world, penetration rate for internet is below 10% and less than 2% even in the world’s six most disadvantaged nations which are Guinea Bissau, Malawi, Madagascar, Ethiopia, Eritrea and Chad, the International Union for Telecommunications (IUT) revealed.
The UN Commission, in its 2015 report on global broadband’s state, said Internet access was near saturation in rich countries, but is not progressing fast enough to benefit residents of developing countries, especially those in rural and isolated areas.
IUT in a document written as its contribution to the activities of UN Broadband Commission said $450 billion were to be invested in network infrastructures to achieve its objective knowingly, connecting 1.5 billion people more to internet.
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Palm oil futures in Malaysia surged 9%, their biggest one-day gain in three years. The spike follows rising oil prices after escalating tensions in the...
FCMB Group has raised capital to meet the Central Bank of Nigeria’s new requirements. The recapitalization combined a public share offer and a partial...
IFC plans a guarantee facility of up to $50 million for Nairobi-based reinsurer ZEP-RE. The mechanism aims to strengthen the company’s credit...
Côte d’Ivoire has signed an agreement with the National Investment Bank to support diaspora-led projects. The deal includes tailored banking products,...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...