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Cape Verde's submarine cable system receives $25 million in European financing

 Last Update: 2023-01-02
 Source: Internet
 Author: User

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The Board of Directors of the European Investment Bank (EIB) has approved $25 million in funding for a regional integration project aimed at financing the Cabo Verde submarine cable system
.

According to reports, this is a submarine cable system that connects Cape Verde with the rest of the region through a submarine cable system with Guinea-Bissau and the Mano River countries (Sierra Leone, Liberia
).

Guinean broadband operator Guineenne de la Large Bande SA (GUILAB) and Cabo Verde Telecom have signed a memorandum of understanding (MoU) for an undersea fibre optic cable called Cap Amilcar Cabral, and feasibility studies for the system will begin
in the near future.

The Board of Directors of the European Investment Bank (EIB) has approved $25 million in funding for a regional integration project aimed at financing the Cabo Verde submarine cable system
.

Submarine cables

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