Articles tagged with: World Bank and Submarine

World Bank Approves Funding to Extend Affordable Communications Services

The World Bank's Board of Executive Directors today approved an International Development Association (IDA) credit of US$151 million to extend access to affordable communications services to Malawi, Mozambique and Tanzania. This is the third phase of the Regional Communications Infrastructure Program (RCIP) - a US$424 million regional program that will increase the availability of reliable communications services for citizens, businesses and governments in Eastern and Southern Africa. Under RCIP 3, Malawi, Mozambique and Tanzania will receive US$20 million, US$31 million and US$100 million respectively.  more

Related Tags: ifc, fiber-optic, Malawi

GSM Network gets World Bank Loan

The International Finance Corporation, the private sector arm of the World Bank Group, has announced the signing of a US$20 million loan to Wataniya Telecom Maldives which is building a GSM network in the island nation. In addition, IFC mobilized a US$7 million parallel loan from the OPEC Fund for International Development, an inter-governmental development finance institution, which seeks to promote cooperation between OPEC member states and other developing countries. more

Related Tags: wataniya-telecom, gsm-license, wataniya, ifc, fiber-optic