The Infrastructure Trust Fund for Africa created to Fund 4 Fiber Projects

Funding for all the Africa Fiber Projects appears to have been consolidated into one new organizations called The Infrastructure Trust Fund for Africa. It includes all four fiber projects.

I wonder if the fund will be used to try and control how and where it comes in first. It will be interesting to see if the African Monolpolies had a hand in this.

-Lee


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 Rest @All Africa. com

Four Fiber Cable Projects are Coming Into Africa

There are four projects to build an international fibre cable to connect the east coast of Africa. There’s EASSy, the Kenyan Government’s TEAMS, Flag Telecom…and the fourth project? Sithe’s SEACOM has been working quietly on the fringes to put together a privately funded “carriers’ carrier” project. News has been filtering out about it but Sithe’s Brian Herlihy made his first public presentation of the project at a United Stated Trade Development Agency Africa conference ten days ago in San Francisco. Russell Southwood spoke to him about what SEACOM will be and how it will work.

There is much more here from Ballancing Act