Government officials and industry insiders have high hopes for the World Bank's additional US$1 billion investment, announced this week, in the development of the information and communication technology infrastructure in Africa over the next five years.
The World Bank's International Financing Corp. loaned Africa's second-largest mobile telecommunications company, Celtel International BV, US$320 million for expansion in five countries on the continent.
A critical mass of countries are expected to ratify the e-Africa Commission's regional telecommunications protocol by the end of June, paving the way for implementation of broadband interconnection projects on the continent. The e-Africa Commission is part of the New Partnership for Africa's Development (NEPAD), based in Johannesburg, South Africa, and chartered by the African Union to build and develop the continent's information and communications technology infrastructures.
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