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Tuesday, June 12, 2007

World Bank Putting $320 million to African Cellular Infrastructure

The World Bank is going to loan $320 million dollars to 5 different subsidiaries of Celtel to build out cellular infrastructure networks in the Sub-Saharan regions of Africa.  This technology boost will go a long way toward connecting many areas of Africa to the rest of the world.

Just a few years back Morrocco sponsored its citizens to adopt solar technology within their homes to bring electricity to remote areas.

This modular type of technology whether it is cellular or electrical in nature will enable remote regions to rapidly make dramatic bench marking improvements in their capabilities.  The pitfalls that need to be avoided are steep.  The World Bank and many African countries have together squandered large amounts of money and loans on many different projects in the past.

This loan is to a private company as opposed to a country.  In some regards that may enable corporate like controls, but there will always be on the ground issues with localized corruption.  Not to mention the not so unreal potential for a country or two to potentially attempt to nationalize a mobile infrastructure once its in place. 

Link to World Bank to fund African phone networks - Yahoo! News