Kenya, World Bank deepen cross-border connectivity

The debt funding from IFC will help Raxio double its deployment of colocation data centers within three years, addressing growing demand in underserved markets across the continent.

With a date set, the country hopes to increase internet penetration and connect millions of previously unserved or underserved users.

The goal of the project is to increase Nigeria's existing connectivity backbone from 35,000 km to 125,000 km.

The details emerged during the two-day AfricArena Deep Tech & AI Summit, which organisers say helped Tunisia position itself as Africa's deep tech and AI hub.

With support from the Malawi government and the World Bank, the initiative is seeking to expand its training in various digital and enterprise development fields.

Cost-effective, reliable and quality internet connections are the key to unlock the DRC’s potential within Africa and internationally, says François-Xavier Kabemba, GM of FAST Congo.

The bank is looking for specialists who will assist the Cameroonian government in revising its national cyber security strategy.

He informed the AU delegations that mobile money was the perfect key to improving trade among member nations and creating the single market, which is also being promoted under the African Continental Free Trade Agreement.

The World Bank's support is a big boost for Zambia's transition to a digital economy.

The consortium said if smartphones were priced at around $20, an additional 270 million Africans would be able to purchase them, potentially narrowing the usage gap by 23%.

The institution notes that digital transformation could be an important catalyst to diversifying Equatorial Guinea's economy in the next few years.