AfDB Bolsters Campaign to Bring Affordable Internet Access to Emerging Countries

A satellite dish used to connect to the Internet in a Liberian community. The African Development Bank is providing a loan worth USD50 million to support a project allowing for cheaper Internet access among 3 billion people in emerging Asian, African and South American economies. Photo by: Goya Bauwens / CC BY-NC Goya BauwensCC BY-NC

The African Development Bank has approved a USD50 million loan to support a project that seeks to provide affordable Internet access to 3 billion people in emerging economies in Asia, Africa and South America.

The Other 3 Billion project will oversee the design, construction, launch and operation of a network of satellites and accompanying ground infrastructure that will allow Internet operators in emerging countries to access international bandwidth at prices lower than those charged by current providers. 

In addition to AfDB, a number of development institutions and a group of commercial banks under Coface, a French export credit agency, back the USD1 billion initiative.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.