Global Broadband Solution

Debt : May 2008 - January 2015

BIO granted a € 700,000 loan to GB, aimed at consolidating its presence, with a specific focus on Kinshasa. It also aimed at developing a presence in Matadi, Kolwezi and Goma, where the company will be offering internet and telephone connections.

Amount

€ 700,000.00

Type of investment

Debt

Development impacts

Private sector consolidation/innovation
Access to basic services & goods

Beneficiary locations

Sub-Saharan Africa: Democratic Republic of Congo

Investment field

Enterprises

Activity

ICT - Internet

Organisation

Global Broadband Solution

Website

http://www.gbs.cd/?lang=en

Domicile

DRC

More investments in

Global Broadband Solution

Subsidy € 7,497.00 (2012-2012)
Subsidy € 23,000.00 (2008-2010)
Debt € 454,740.00 (2013-2020)

ICT for development is an established discipline that has identified a host of socio-economic benefits. Increased access to technology and networks facilitates information dissemination, web-based learning, entrepreneurialism and connection to international resources.

Despite inherent challenges in the Democratic Republic of Congo (DRC), internet penetration has increased from just 500 users in 2000 to an estimated 10,000 in 2008. However this is still only 0.2 percent of the population. Much still needs to be done to come close to Africa’s average internet penetration level of 5.3 percent.

Active since 2004, GBS offers internet and telephone connections, using satellite technology.

Development impacts

Private sector consolidation/innovation
Transfer of know-how to local employees.

The project responds to a market need by introducing new and approved technologies.

The project will bring more competition in the mobile phone operator sector, bringing prepaid cards at a competitive price.
Access to basic services & goods
The new network enables quality internet access, previously lacking in the market.

An improved coverage in the cities.

Quality service.