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Washington allocates $155M for Africa's digital infrastructure
The U.S. International Development Finance Corporation announced a $155 million investment in WYOOK, a digital infrastructure company, marking the largest such investment by the agency. The funding aims to enhance digital infrastructure across Africa by building reliable networks that support market growth and the expansion of American companies in the region. WYOOK is a leading provider in the field of submarine and terrestrial fiber networks, owning over 115,000 kilometers of underground fiber and more than 200,000 kilometers of submarine cables across more than 30 African countries. The company is working to provide alternatives to Chinese technology providers as part of the "Clean Network" initiative to counter Huawei's impact. This investment is part of broader American efforts to accelerate the expansion and modernization of digital networks in Africa, especially as internet usage on the continent is projected to reach only 36% of the population by 2025.
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