Gabon secures World Bank loan to connect ACE cable
GOVERNMENTBy BiztechAfrica - May 28, 2012, 2:35 p.m.
Gabon has entered into a USD58 million loan agreement with the World Bank to allow it to connect to the ACE (Africa Coast to Europe) submarine cable and extend networks inland.
The loan agreement was signed by Luc Oyoubi, Minister for Economy, Employment and Sustainable Development, and Zouera Youssoufou, World Bank Representative in Gabon.
In a project named "CAB4", Gabon aims to increase the geographic coverage of high bandwidth networks and to lower the cost of communications services in the republic.
The implementation of the CAB4 project will be led by a Commission in charge of coordinating and monitoring the country-wide construction of a National Optical Fibre Backbone.
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