East African internet access to be boosted by new investment
19 May 2011
Internet and satellite TV access across East Africa are set to be improved thanks to a $57.5 million investment by Kenya's Wananchi Group.
Business Daily reports that the digital media company has reportedly attracted international investors for its ambitious plans
This includes cable firm Liberty Global, along with Oppenheimer Funds and Canada's Sarona Asset Management.
"It is a clear indication that we have sufficient funding to progress our plans and I can confirm that we are on track to roll out our services to over ten countries in coming months," Richard Bell, chief executive, Wananchi Group, told the news provider.
"Our satellite service is now available in Kenya and we are currently conducting pilots that will lead to a soft launch by the end of the month," he added.
The African Development Bank recently announced that it would loan $12 million to boost internet connectivity in the Seychelles by financing the Seychelles East African System.