Pan-African digital connectivity solutions company Bayobab Group has announced that it has been granted a national long-distance operator licence by the regulatory authorities in Nigeria. Bayobab’s subsidiary in Nigeria is now empowered to facilitate long-distance traffic.
Eighteen African entities signed agreements with Africa50 to raise financing for the first close of the Africa50 Infrastructure Acceleration Fund, according to a press release on Tuesday
Africa50, a Morocco-based investment platform, seeks to raise $500m (R9.36bn) in the first close of its Infrastructure Acceleration Fund that will invest in energy, transportation, telecommunication and water projects.