East African Submarine Cable System (EASSy)

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The EASSy project is contributing to the socio-economic development of East Africa by strengthening intra and inter-Africa trade and communications, facilitated by high-speed connectivity at cost. The project would not have been developed had IPPF not invested close to $500,000 a decade ago to assist in the transaction analysis and updating the ESIA.

Project financing

In the following years, EASSy was implemented, with $263 million in financing raised.

Impact

With the entry of EASSy into the market in 2011, within a period of four years communication prices have fallen dramatically. The average rate of internet penetration in Eastern and Southern Africa has increased significantly, to the benefit of individuals, educational institutions and the health sector.