The International Finance Corporation (IFC) plans to invest up to US$300m until next June and another US$400m in the following year on telecom projects in Africa which would be less attractive to commercial banks, Reuters reports.
Kent Lupberger, global…
The International Finance Corporation (IFC) plans to invest up to US$300m until next June and another US$400m in the following year on telecom projects in Africa which would be less attractive to commercial banks, Reuters reports.
Kent Lupberger, global head for technology, media and telecom, was quoted saying that the IFC would be looking to invest US$200-US$400m a year and help mobilise commercial banks and other development institutions.
After having previously done a lot of financing of mobile companies, the IFC is now focusing more on data centres, last mile broadband connectivity, tower sharing and IT services, Lupberger told the newswire.
