Global Broadband Solution

Debt of May 2008 - January 2015 (This project has ended)

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

Africa: Democratic Republic of Congo

Investment field

Enterprises

Activity

ICT - Internet

Organisation

Global Broadband Solution

More investments in

Global Broadband Solution

  • Debt € 454,740.00 (2019)
  • Subsidy € 23,000.00 (2008-2010)
  • Subsidy € 7,497.00 (2012-2012)

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.

Global Broadband Solution

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.

Read impact and news about this project

A desire to be an actor of change

Impact Story

A desire to be an actor of change

16-05-2019

BIO gave two loans and two subsidies to GBS.

Alexis Indenge is the former CEO of GBS. This is his story.

Read more

View more of our investments in this region

Global Broadband Solution

Enterprises

Global Broadband Solution

  454,740.00

  Democratic Republic of Congo

  21/03/2013

  Debt

Global Broadband Solution

Enterprises

Global Broadband Solution

  23,000.00

  Democratic Republic of Congo

  01/09/2008

  Subsidy

Global Broadband Solution

Enterprises

Global Broadband Solution

  7,497.00

  Democratic Republic of Congo

  04/05/2012

  Subsidy