Global Broadband Solution
BIO subsidised a Technical Assistance to GBS of € 7,497, covering a strategic market analysis and subsequent suggestions on the rolling-out of a new WiMax mobile network.
Amount
€ 7,497.00
Type of investment
Subsidy
Development impacts
- Private sector consolidation/innovation
- Access to basic services & goods
Beneficiary locations
Investment field
Enterprises
Activity
ICT - Internet
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
production technology; increased competition
-
Access to basic services & goods
telecommunications
Read impact and news about this project
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.
View more of our investments in this region
Investment Companies & Funds
African Rivers Fund III
1,500,000.00
Democratic Republic of Congo, Uganda
01/09/2020
Equity
Investment Companies & Funds
African Rivers Fund III
6,113,520.00
Democratic Republic of Congo, Uganda
01/09/2020
Equity
Enterprises
Centre médical de la Communauté
2,719,298.00
Democratic Republic of Congo
09/05/2016
Debt
Financial Institutions
Bank of Africa RDC
1,466,000.00
Democratic Republic of Congo
29/01/2010
Equity
Investment Companies & Funds
AfricInvest Financial Inclusion Vehicle
10,000,000.00
Morocco, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Zambia
14/12/2017
Equity
Investment Companies & Funds
African Rivers Fund
4,118,275.00
Democratic Republic of Congo, Uganda
02/02/2016
Equity
Enterprises
Plantations et Huileries du Congo
9,741,280.77
Democratic Republic of Congo
21/12/2015
Debt
Investment Companies & Funds
FPM - Fonds pour l'inclusion financière en DRC
5,800,888.00
Democratic Republic of Congo
26/06/2014
Equity
