CSquared Group Celebrates 5 Years of Operation in Africa
This week the Management team of CSquared Group celebrates the company’s 5th Anniversary whilst in Cape Town, South Africa.
In Togo, Société d’Infrastructures Numériques (SIN) and Csquared formed a joint venture in a major digital infrastructure transformation initiative that lands Google’s Equiano Cable in Togo. In Liberia, CSquared and USAID enter into a new partnership to construct an open access fiber backbone connecting Liberia, Ivory Coast & Guinea. In the Democratic Republic of Congo (DRC), CSquared now operates 100km of fiber in Kinshasa with Africell as anchor customer. An MoU with Société Congolaises des Postes et Télécommunications (SCPT) will land the country’s 2nd Submarine cable and enhance the National fiber backbone network. CSquared embarks on building its West Africa terrestrial backbone, starting with a partnership with the Ghana Grid Company Limited (GRIDCo) connecting major cities within Ghana and neighbouring countries. Across Africa, our Cloud Services team is connecting customers to the public cloud providers via leading data centers (PAIX, iColo, Raxio, ADC, Terraco, MainOne, ONIX), providing simplified & tailored access to multi-cloud services.
This week the Management team of CSquared Group celebrates the company’s 5th Anniversary whilst in Cape Town, South Africa attending AfricaCom – Africa’s leading digital infrastructure gathering that brings together decision makers across the communications technology ecosystem focused on connecting the next billion people on the continent by inclusive, sustainable growth through tech investments.
It is not just a company anniversary but a family anniversary that has defied all odds to grow stronger and achieve great things together. I am so grateful to my team, our customers and partners, for their support and trust have been the biggest driver towards our continued growth. For emerging markets to fast track their development, communication is key, and the foundation of reliable communication is broadband infrastructure. Countries are now moving towards e-governance, e-health, e-education and those pillars cannot be achieved without the required infrastructure. That’s the gap CSquared aims to fill, ensuring that all African countries have sufficient broadband infrastructure. Our approach ensures that everyone, both the private and the public sector benefits from the infrastructure that is rolled out by CSquared.
Lanre Kolade, Group Chief Executive Officer, CSquared
This year the African Development Bank (AfDB) estimated Africa’s infrastructure financing needs to be as much as $170 billion a year by 2025, with an estimated gap of about $100 billion a year. CSquared and its investors Google, Mitsui & Co (Japan), Convergence Partners (South Africa) and the International Finance Corporation (IFC, World Bank Group) play a critical role in supporting Africa achieve its ambitious digital needs.
A great deal has been achieved since 2017 when CSquared, originally a pilot project in Google, became an independent company with existing operations in Uganda and Ghana.
