Telecom Egypt and Regional LECODTELECOM Company have signed memorandum of understanding to execute e-connectivity project from Cape Town to Cairo to enhance electronic communication network and support technical capabilities, thereby expanding trade and investment opportunities between the countries of the continent.
The signing of the memorandum came on the sidelines of the 25th annual conference of the African Export and Import Bank (Afreximbank) in the Nigerian capital Abuja on Friday, where Amr Kamel, vice president of Afreximbank, confirmed the bank’s readiness to finance the project if needed.
“This MoU is a great step in our strategy to penetrate the African market and avail Telecom Egypt’s most advanced technology and global infrastructure services to customers across Africa,” said Ahmed El Beheiry, Telecom Egypt’s managing director and chief executive officer.
“We look forward to working alongside the Regional LECODTELECOM Company to develop new network services and products that will help stimulate intra-regional trade,” he said.
Source: Ahram Online
