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.
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
Intelcia to buy back 65% stake from Altice, regain full ownership by 2026 Group targets global top 10 ranking by 2030 through acquisitions, AI...
As global competition for talent intensifies in the era of artificial intelligence and advanced technologies, Africa is falling behind because of...
In Cotonou, at the Regional Summit on Digital Transformation, ministers, regulators and technical partners debated the digital future of West and Central...
Agreement follows tighter fiscal policy, reform progress after earlier delays IMF warns of reform fatigue, global risks despite improving economic...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...