To improve access to quality broadband internet and data hosting services for homes and businesses in Africa, IFC announced it is expanding its relationship with West Indian Ocean Cable Company Holding Ltd. (WIOCC Group), a leading digital connectivity and infrastructure provider in Africa, with a $30 million equity investment. The new investment will support WIOCC Group's continued rollout of terrestrial fiber-optic networks, investment in new subsea cables and the launch of world-class, open-access core and edge data center infrastructure across the continent.

Read more: A $30 Million Equity Investment to Support Africa's Digital Infrastructure Expansion

An agreement was signed between the revolutionary government of Zanzibar and the IT services provider Oman Data Park (ODP) for the construction of a data center. Once built, this infrastructure is expected to house data and information for the public and private sectors in Zanzibar.

Read more: ODP to Build Much-Needed Data Center in Zanzibar

During the Digital Council Conext Digital Infrastructure Summit, held in South Africa, Kundo Mathew, deputy minister of information, communication and information technologies, said that the Tanzanian government is aiming to connect 80% of the population to the internet and to increase broadband internet usage from 45% to 80% by 2025.

Read more: Tanzania to Increase Internet Access to 80%

Umar Danbatta, executive vice president of NCC, revealed at an interactive meeting on the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF-FSP) that the Nigeria Communications Commission (NCC) is expected to earn over N500 billion for the Federal Government in 2023 through the auctioning of the 5G spectrum.

Read more: NCC to Generate $1.1 Billion From 5G Spectrum in 2023

Clemence Chiduwa, Zimbabwe's deputy finance minister, revealed after a meeting with Tshepidi Moremong, Africa50's director of operations, that the Zimbabwean government is looking to expand its national fiber optic network as part of a major infrastructure investment project.

Read more: Zimbabwe To Develop Its Fiber Optic Network

Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has been selected as a payment and technology partner for one of the leading Sudanese banks in the UAE, El Nilein Bank.

Read more: Network International Appointed as Payment and Technology Partner for El Nilein Bank

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