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Liquid to build fibre network from Cape to Cairo
Liquid Telecom and Telecom Egypt, Egypt’s first integrated telecom operator, have signed a Memorandum of Understanding (MoU) that will enable Liquid Telecom to complete Africa’s terrestrial fibre network stretching from South Africa to Egypt.
“This MoU is a great step in our strategy to penetrate the African market and avail Telecom Egypt’s most advanced technology and global infrastructure services to customers across Africa,” said Ahmed El Beheiry, Telecom Egypt’s Managing Director and Chief Executive Officer. “We look forward to working alongside Liquid Telecom to develop new network services and products that will help stimulate intra-regional trade.”
The 2018 Annual Meetings of the African Export-Import Bank (Afreximbank), which is the foremost pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade, was held from 11 to 14 July in Abuja, Nigeria. It brings together banking industry professionals, trade and trade finance practitioners and other parties involved in economic development from across Africa and beyond.
“The roll-out of infrastructure, particularly high-speed networks, is crucial for stimulating intra- regional trade,” said Dr. Benedict Oramah, President of Afreximbank. “The Cape to Cairo network sets a new standard for Africa and will open-up new trade opportunities across the region. Our congratulations to Telecom Egypt and Liquid Telecom for reaching an agreement to complete the Cape to Cairo network.”
