AKFED an investor in joint venture for African subsea cable

SEACOM lays first lengths of African subsea cable

February 4 2009

fibreoptic1The laying has started of a fast fibre-optic international telecommunications cable link that could be east Africa’s first, the owners of the venture said on Wednesday.

The Mauritius-registered private equity project known as SEACOM is investing in a fibre optic cable linking east and southern Africa to Europe and Asia. Its launch is scheduled for June.


The 15,000 km cable will wind around the east of the continent between South Africa and Egypt, then on to Mumbai in India and Marseille in France.

Investors in the $650 million venture include an arm of the Aga Khan Fund for Economic Development, Venfin Ltd, and Herakles Telecom LLC, each with stakes ranging between 23.75 percent and 26.25 percent.

Complete Source:  http://www.nation.co.ke/business/news/-/1006/524680/-/j2ek7lz/-/

Earlier related:  https://ismailimail.wordpress.com/2008/08/15/seacom-to-launch-africa-undersea-cable-june-2009/

Author: ismailimail

Independent, civil society media featuring Ismaili Muslim community, its achievements and humanitarian works.

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