Wednesday, May 9, 2007

Fiber Optic Project: Port Sudan to Durban

Kenya's telecommunication sector will receive a boost as a result of Sh32 billion (347 million euros) financing mobilised for infrastructure development in Africa.
The European Commission, the European Investment Bank (EIB) and nine European countries have set up a fund to finance the continent's telecommunication infrastructure.

The Infrastructure Trust Fund for Africa will back New Partnership for Africa's Development (Nepad) projects as such as the East Africa Submarine Cable System (known as Eassy).
Financing for each project and when the money will be released has not been decided.
The 9,900 km Eassy cable is set to run from Port Sudan in the north to Durban, South Africa and will complete the fibre optic loop surrounding Africa.

The Rest @ AllAfrica.com

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