French development finance institution Proparco has granted a $60 million loan to the West Indian Ocean Cable Company (WIOCC), a pan-African telecommunications infrastructure company.

WIOCC has been offering connectivity solutions to ICT stakeholders on the continent for over a decade, proving essential to the growth of the digital sector.

The loan will support WIOCC’s expansion plan in Eastern and Southern Africa. This plan consists of investments in the continent’s digital...