Benin’s Internet Service Provider Isocel has received a loan of €6 million from French public investment bank Bpifrance to expand its network.
With this investment, the telecom company will extend its fiber-optic network over 500 km in the greater Cotonou area. Currently, the company has only a 90 km network in the city. The ISP has opted for the construction of an aerial infrastructure fixed on power poles. This solution enables it to halve the cost and installation time compared to a buried optical fiber. Work will begin next January and should be completed in the second half of 2021.
To obtain financing from Bpifrance, Isocel favored French suppliers. The optical fiber will be acquired from the company Acome, whose plant is in Normandy, and supplied via the exporter Geka Telecom. Sagemcom will then install the broadband telecom infrastructure, while Taho has been awarded the project management contract.
With its network extension project, Isocel's objective is to get at least 10,000 subscribers over the next three to five years. The company is competing in the fiber-to-the-home segment with Société béninoise d'infrastructures numériques (SBIN) - which brings together the assets of Bénin Télécoms Services (BTS), Bénin Télécom Infrastructure (BTI), and the former operator Libercom - which is also rolling out an optical fiber network and targeting 50,000 subscribers within three to four years.
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
Daystar Power signs deal to install a 5.2 MWp solar plant for Société de Ciment de Côte d’Ivoire. The project aims to cut energy costs and carbon...
Egypt inaugurates a 56.5 km monorail connecting Cairo to the new administrative capital. The project involves Alstom, Orascom Construction, and...
Orascom Construction and partners plan a 900 MW wind farm in the Gulf of Suez. The consortium signs a 25-year power purchase agreement with...
Togo and Russia target food security, mining, and energy for future partnerships. Both sides plan joint industrial projects to boost local value...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...