African Development Bank (AfDB) agreed in principle to fund completion of optic fiber between Algeria and Nigeria. Imane Houda Feroun, Algerian minister for post and information technology made the announcement on March 28, 2016, during an interview with Algérie Presse Service (APS).
Launched in 2010, in the framework of the New Partnership for Africa’s Development (NEPAD), the 4,000km –long optic fiber laid between Algeria and Nigeria has not yet been completed due to a financial issue. Niger and Chad asked their Algerian and Nigerian partners, who already laid their portion of the fiber, to halt the project as they lack financial means to start laying their portion of the infrastructure. Presently, it is the Niger-Chad segment, not yet laid, that prevents the completion of the Algiers-Abuja fiber optic project.
AfDB’s funding agreement comes to accelerate the construction of the high-speed infrastructure, which is to connect African countries with no seacoast, thus unable to pull their own sub-marine fiber optic cable, to Internet. Imane Houda Feraoun highlights that the agreement with AfDB was obtained after long talks. Started under former minister for post and communication, Moussa Benhamadi, the project cost Algeria about $45 million.
Muriel Edjo
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...
• Africa has $4 trillion in unexploited resources to finance its own development• Lack of structured, safe channels keeps these funds from...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société Générale Burkina Faso (SGBF).•The move is part of...
• Mali plans to increase its total cotton cultivation area to 672,000 hectares in the 2025/2026 season, marking a 7.8% or 50,000-hectare increase from the...
• Tanzania Railways Corporation inaugurated freight service on the Standard Gauge Railway (SGR) between Dar es Salaam and Dodoma.• The SGR is part of...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...