The Egyptian company Benya Capital can start building optical fiber throughout the territory of the Democratic Republic of Congo. The agreement was signed last June 23 in Cairo, Egypt, by the company and Société Congolaise des Postes et Télécommunications (SCPT) - the incumbent operator and manager of the national telecoms infrastructure. This was on the sidelines of the Forum for African Heads of Investment Commissions. According to the deal, 16,000 km of optical fiber is to be deployed across the Congolese territory.
"This is a great opportunity not only for the Congolese people who will benefit from connectivity to the remotest corners of the Republic, but also for the economic sector, banks, universities, administration and tax services ... the development of a country passes inevitably by the transformation of its infrastructure in fiber optics, and SCPT is fully committed to building the largest African network in the country, " said Didier Musete, CEO of SCPT.
The launch of Benya Capital’s work is the materialization of the will of the DRC president, Felix Tshisekedi, to make the digital sector a pillar of national development. During his visit to Cairo on February 1 and 2, 2020, he facilitated the outcome of negotiations initiated for several months between the two parties and signed a memorandum of understanding including the technical, financial, and social aspects of the project.
During the Council of Ministers of October 16, 2020, Felix Tshisekedi identified the cause of the country's digital backwardness to be the lack of systematic investment policy in telecom infrastructure. Through the high-speed network under construction, the Head of State hopes to improve the coverage of the national territory in high-speed connectivity, reduce the digital divide and strengthen the technical means essential to the country for its digital transformation.
Muriel Edjo
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
Zimbabwe raises gold price threshold for 10% royalty to $5,000 Revision follows industry backlash over profitability and investment...
Cape Verde, EU sign $23.5 million grant-funded budget support programme Funds target electricity access, digital ecosystem, public finance...
Mali introduces entrepreneurship training into basic education curriculum Reform aims to promote self-employment, ease pressure on public...
$9 million joint-venture becomes effective after permit approval AngloGold can earn up to 70% stake over five years Project located near...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...