WIOCC Group secures digital infrastructure expansion funds

The world’s largest digital infrastructure provider has secured a $10-million loan from the International Monetary Fund (IMF) and the Financial Conduct Authority (IFC) for its expansion strategy in Nigeria, southern Africa and South Africa. The latest investment in the continent has been announced by the BBC. These are the details of the next stage of its investment. Butpending () Nigerians have signed an additional $40m (£27m) loan for growth in three African countries, as part of an ambitious investment programme to create Africa s first, truly open access interconnected digital ecosystem, and further capacity to meet growing demand for reliable connectivity services across the world, to increase the number of data centres in developing areas of Africa which are being invested in Africa, the UK, South Africans, Nigeria and Central Africa (DRC) schemes and services. A joint venture between the two nations is expected to receive funding from IMF and Pro Parco, US financial giant EDF and US investment firms for the first time in five years, but they have been granted loans to help boost the global economy and boost their digital powers by increasing its digital backbone, creating an open-access fibre networks and high-speed connections in Europe and Africa in 2020, it is set to be given the go-ahead to expand its core and edge data lines in two countries in 2018 and 2022 - including Ghana, Niger and West Africa as the country is preparing to invest hundreds of millions of jobs.

Source: engineeringnews.co.za
Published on 2024-06-20

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