Washington allocates $155M for African digital networks
The U.S. International Development Finance Corporation announced an investment of $155 million in WIOCC, a company specializing in digital infrastructure in Africa. This marks the largest equity investment ever made by the agency. The aim of this funding is to advance the next generation of digital networks across the continent and to support American companies seeking to expand into Africa's vibrant market. WIOCC owns more than 115,000 kilometers of terrestrial fiber optic cables and 200,000 kilometers of submarine cables, operating in over 30 African countries with models that promote network neutrality and open access. This investment is part of American efforts to compete with Chinese technology providers such as Huawei by strengthening digital infrastructure. It follows other investments, including a $100 million loan to Afrisel and the establishment of a data center in Kenya. By 2025, internet usage in Africa is projected to reach 36% of the population.
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