Liquid Telecom is seeking to invest $34 million (Rwf24 billion) in Rwanda to build internet infrastructure such as fibre optic cable around the country.
The New Times Rwanda reports that the move is part of the company’s $200 million Africa expansion strategy.
Sam Nkusi, the Liquid Telecom Rwanda Chief Executive Officer, said: “So far, we have already laid 46 km of underground fibre optic cable in Kigali…Where we haven’t reached, we lease from the government some of the ducts on a long-term basis.”
The CEO added that they expect to connect 3,500 homes and commercial buildings to the Internet by the end of this year.
The company, also wants to take advantage of Rwanda’s central Africa geographical position to serve as an Internet services hub for the region, he added.
“Rwanda is key in connecting east and central African capitals with route diversity and reliability.”
Nkusi said the investment, particularly in infrastructure, would greatly increase Internet penetration levels in the region.
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