African nations get $164.5 million to improve Internet

Posted on Tuesday, Apr 10 2007 @ 10:15 CEST by Thomas De Maesschalck
The World Bank made $164.5 million available to Burundi, Kenya and Madagascar to build out high-speed Internet networks:
The World Bank said the money was being made available to boost business competitiveness in the region.

Eastern and much of southern Africa is the only region in the world not connected to the global broadband infrastructure, the World Bank said.

Kenya will take the lion's share of the funding, with a $114.4m loan.

Madagascar is due to receive a $30m loan, while Burundi will receive a grant worth $20.1m, the World Bank said.
More at BBC.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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