Global Broadband Solution

Subsidy : May 2012 - November 2012

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

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

Debt € 700,000.00 (2008-2015)
Debt € 454,740.00 (2013)
Subsidy € 23,000.00 (2008-2010)

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.

Financial Institutions

The Currency Exchange Fund n.v.

7,091,000.00

Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

05/09/2007

Equity