IFC supports WIOCC’s African aims with major investment

IFC supports WIOCC’s African aims with major investment

IFC — a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets – has announced that it is expanding its relationship with West Indian Ocean Cable Company Holding (WIOCC Group), a leading digital connectivity and infrastructure provider in Africa, with a $30 million equity investment.

South Africa’s Cell C says recapitalisation complete

South Africa’s Cell C says recapitalisation complete

The recapitalisation of South African mobile operator Cell C has finally been completed after years of negotiation. That’s the news from Blue Label Telecoms, the largest shareholder in Cell C, which sells innovative technology for mobile commerce to emerging markets in South Africa and abroad.

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