Investment

Helios Towers to invest US$100m for DRC infrastructure expansion

Helios Towers to invest US$100m for DRC infrastructure expansion

Telecoms infrastructure provider Helios Towers has unveiled a plan to invest US$100 million to expand its telecoms infrastructure in the Democratic Republic of Congo (DRC) with backing from the National Agency for the Promotion of Investments (ANAPI).

Under an agreement between Helios Towers DRC and ANAPI, Helios' expansion program will cover all 23 provinces including Kinshasa, Upper Katanga, Kongo Central, Maniema, Ituri, Kasai Central, Eastern Kasai, Kwilu, Mai-Ndombe, Mongala, North Kivu, North Ubangi, Sankuru, South Kivu, Lualaba, Tanganyika, Tshopo, Ecuador, Upper Uélé, South Ubangi, Upper Lomami and Kasai.

Helios said it aims to significantly strengthen network coverage throughout the DRC and meet growing demand for connectivity and digital services.

ANAPI said it has been supporting Helios Towers projects in the DRC since 2011, injecting more than US$200 million across several phases of investment.

ANAPI director general Rachel Pungu Luamba said that apart from the telecoms infrastructure gains, the latest expansion project will also create around a hundred direct jobs and thousands of indirect jobs for young Congolese.

"This investment illustrates the renewed confidence of international partners in the economic potential of the DRC, as well as the effectiveness of the reforms undertaken to improve the business climate," she said at a press event in Kinshasa announcing the investment plan on Tuesday.

She added that the Helios investment also serves the government’s National Digital Plan "Horizon 2025" and the "DRC Digital Nation 2030" vision, which aim to make digital tech a pillar of economic and social development.



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