Pan-African internet service provider Paratus Group announced on Wednesday, March 23, the addition of the DRC to its terrestrial network and its expansion into that country. The announcement comes after Fast-Congo, a company created by Paratus and GBS, signed a 15-year leasing agreement with the Congolese government to activate, operate and maintain the Kinshasa-Muanda fiber network owned by Société Congolaise de Fibre Optique (SOCOF).
"This is an extremely important strategic development for Paratus. We are not only uniquely qualified to open this fiber highway in DRC, but we’re also uniquely placed to connect the country to Angola, Zambia, and beyond via our network in the SADC [Ed. note: Southern African Development Community]," comments Rolf Mendelsohn, CTO of the group.
The expansion is part of Paratus' plan to cover the whole of Africa to connect Africans with the whole world. In recent years, the company has made a series of investments in the development of its infrastructure. It recently invested $8.2 million in a data center, which will open in Namibia in August. This data center will be connected to Google's subsea cable, Equiano. For that purpose, the internet service provider built a landing station.
Combined with other investments, the infrastructures reflect Paratus' efforts to strengthen its position in the African market as demand for broadband connection is growing rapidly.
Through Fast-Congo, Paratus is entering a new market where it hopes it will gain a foothold by targeting both corporate and retail clients. Thanks to DRC's strategic location in Central Africa, the pan-African group could also provide its broadband services to neighboring countries while exploring new expansion opportunities in the region.
Isaac K. Kassouwi
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Climate change could reduce Somalia’s GDP by up to 13.5% by 2060, according to a World Bank report. Agriculture accounts for more than 70% of GDP...
Mozambique’s private sector discusses technical cooperation with Thai rice industry players to boost local production. Mozambique produces less...
Kenya’s foreign exchange reserves increased to $14.59 billion on March 5, up from $12.53 billion a week earlier. The reserves now...
Ghana plans to introduce a progressive gold royalty system that could raise the effective rate from 5% to about 12% at current...
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...