Original disclosure @ IFC website
Updated in EWS Nov 7, 2019
Disclosed by Bank Oct 21, 2019
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According to bank documents, the company is now looking to expand into the data center business. To support this planned growth, IFC intends to make an equity investment of up to US$25 million in the company. The IFC investment will be used to partly fund the company’s capital expenditure plan of US$219 million during FY19 to FY21 which mostly includes the development of a pan-African data center network; and investment in new submarine cable(s) to increase future capacity on both the east and the west coast of Africa (the “Project”). The submarine cable(s) are currently in the design stage, and construction is expected to begin early 2020.
Western Indian Ocean Cable Company Ltd. was incorporated in 2007. The Company is a neutral carrier of carriers, offering connectivity to over 20 countries in Africa. It provides telecommunication carriers with regional and international capacity within, into and out of Africa.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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West Indian Ocean Cable Company Limited
Chief Executive Officer
+230 466 9171/464 9799
Level 2 Alexander HouseSilicon Avenue 35 Ebene, Cybercity Republic of Mauritius
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