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ISSUE NO 403 African Telecoms, Media and Technology Fund to invest US$75 million in its chosen sectors plus an SME fund
US Government investment agency OPIC recently agreed to put US$50 million into the African Telecoms, Media and Technology Fund, the first of its kind on the continent. This funding will be joined by US$25 million from private American and African investors. Within the Fund, some of the money will be allocated to an SME investment fund to encourage entrepreneurs. The Fund is talking boldly of creating the first non-Telco Triple Play offer and of creating a carriers’ carrier within the wider East African region. Russell Southwood spoke to Richard Essex, Chief Financial Officer, African Telecoms, Media and Technology Fund about its plans.
TELECOMS Zain launches mobile network in Southern SudanKuwaiti Mobile Telecommunications Co (Zain) launched its new network in south Sudan, where it aims to spend up to $150 million expanding in the semi-autonomous region emerging from decades of war.
INTERNET Main One Cable System Project on track following the signing of the supply contract with TycoMain Street Technologies announced the award of the turnkey supply contract for its Main One Cable System to Tyco Telecommunications.
COMPUTING South Africa’s Communications Department is Recruiting 800 IT GraduatesThe Department of Communications is looking for 800 Information Technology (IT) graduates to be enrolled for the E-Cadre Program to assist with IT technical support within their areas.
ON THE MONEY Kenya Telecom to borrow over Sh 7 billonPlayers in the capital market and banking industry are bracing for a windfall as national telecom operator, Telkom Kenya, prepares to borrow in excess of Sh7 billion from the local market.
WEB AND MOBILE DATA NEWS Turning your cellphone into a remote controlIt is this year's science time again, and the universities and technical institutions have pitched tent at Kenyatta International Conference Centre to showcase their innovations.
BACK ISSUES ISSUE 402 Second Africa ICT Best Practice conference in Ouaga – Closing the gap between words and action ISSUE 401 The battle for mindspace – Africa’s mobile operators get serious about branding ISSUE 400 M- money services – The rise and rise of Africa’ s “killer-app” for 2008 ISSUE 399 Mauritius’ Nomad: Voice and Internet combine in the coming Wi-MAX business model ISSUE 398 SAT3 to get a competitor – Infinity set to finalise $865 million financing ISSUE 397 Ghana Telecom joins operators offering “almost” triple-play offers, by introducing IP-TV ISSUE 396 Sharing infrastructure to speed up roll-out – reaching the parts you can’t reach by yourselves ISSUE 395 Altech and Sameer to spend US$115 million on KDN regional expansion plans ISSUE 394 Convergence – Getting to grips with the contours of the new media landscape with real data ISSUE 393 Vodacom set to take over Lap Green’s Rwanda and Uganda operations |
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This page last updated on May 05 2008.
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