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Ivory Coast: Government raises 100 billion FCFA for ICTS

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One hundred (100) billion FCFA or 152 million euros is the huge amount of money the Ivorian government intends to inject in the Information and communication technologies (ICTS) sector.

These funds will help financing the installation of 7 000 kilometers of optical fiber, 5 031 rural cyber centers and the subsidy of the « One Ivorian, one computer » operation that aims at distributing 500 000 devices in the country.

According to the Pan-African magazine, Jeune Afrique, the operation which is a syndicating loan, was realized at a banking pool (Société Générale, BNP Paribas, Bank of Africa and Ecobank) with a rate of 5.75 % over seven years.

« It was managed by Bruno Koné (Photo), Minister for ICTS, and arranged by the merchant bank, Algest Consulting, managed by Ibrahim Magassa« , underlined the magazine.

The Ivorian authorities count on a vast investment program in ICTS to cover the digital maturity deficit and accelerate thus the development of the country.


Original text by:Blaise AKAME

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