| Project Detail |
The project entails the connection of Somalia to the largest submarine cable system in Africa, which will significantly enhance the resilience, quality and capacity of the countrys international connectivity. The project also includes the deployment of the first segment of a new national fibre optic backbone to interconnect the capital city with regional hubs, enabling them to access the countrys new high-quality connection to the internet.
Objectives
The project seeks to significantly improve Somalias digital infrastructure by diversifying the countrys international connectivity and enabling the expansion of broadband networks into previously underserved areas. The investments supported by the EIB financing will lead to an accelerated market uptake of broadband services, driven by an increased affordability among the population. The project entails various socio-economic benefits derived from Somalias digital transformation, COVID-19 pandemic recovery and enhanced cross-sectoral economic resilience.
Sector(s)
Telecom - Information and communication
Proposed EIB finance (Approximate amount)
USD 14 million (EUR 12 million)
Total cost (Approximate amount)
USD 29 million (EUR 25 million) |
