Browsing: World Bank

The idea of taxing cross-border remittances has been raised in some countries recently, especially in the Middle East. Although this is not a South African conversation – not yet, anyway – it has been highlighted elsewhere as a way for governments

The World Bank’s International Finance Corp said it’s pressing Net1 UEPS Technologies to complete an assessment of its lending practices this year as human rights organisations allege that the

The International Finance Corporation, which forms part of the World Bank Group, and related funds managed by the IFC Asset Management Company are buying a 18% stake in South Africa- and US-listed technology group Net1 for US$107,7m (about R1,6bn). IFC has agreed to

Sweden-headquartered telecommunications and media company Millicom is building a technology incubator in Rwanda to develop digital solutions. The incubator, called “think”, will be located in the capital, Kigali, and will be used to develop “innovative and scalable” businesses in which Millicom will take an equity stake. Potential

A decade ago, fierce battles were fought to get a number of Africa’s state-owned telecommunications operators into private hands and to strip them of their monopoly privileges. This happened in all but two of what are now sub-Saharan Africa’s most successful economies. The real laggards are

African cellular tower specialist Eaton Towers has secured US$60m in debt financing from Standard Bank’s Stanbic Uganda unit and the International Finance Corp (IFC) to build and develop new and existing telecommunications towers in Uganda. The financing includes a

Convergence Partners, a telecommunications investment vehicle controlled by Dimension Data Africa chairman Andile Ngcaba, has secured $35m in equity investment from the International Finance Corporation (IFC) for a new communications infrastructure fund. It will use the fund, which

Africa’s road to high-speed broadband is being achieved in leaps and bounds. Every week brings news of another piece of the jigsaw fitting into place. This week it’s the completion of the national fibre backbone in one of Africa’s larger markets. However, there’s still

Data centre operator Teraco Data Environments has secured a further R158m in funding. The financing includes both equity and debt, with the World Bank’s International Finance Corp and the Development Bank of Southern Africa