Togo: The capital of Société d’Infrastructures Numériques now exceeds CFA14 billion

Telecom
Friday, 18 February 2022 17:41
Togo: The capital of Société d’Infrastructures Numériques now exceeds CFA14 billion

(Togo First) - The capital of the Société d'infrastructures numériques (SIN), a sovereign entity responsible for holding strategic assets in the telecommunications and ICT sector in Togo, has been raised to around 14.2 billion FCFA, Togo First learned.

Established in November 2016 by presidential decree, the SIN was endowed with a capital of 200 million FCFA, fully subscribed and paid up by the Togolese state. 

The recent increase in its capital happens in a context where the government has been, since 2017, integrating several strategic assets into the company’s portfolio. One of these assets is the first Internet Exchange Point of Togo (IXP) launched in 2017. There is also Lomé’s first data center - the Carrier Hotel - or the huge program to deploy fiber optics cable for the public administration and the E-gouv project. Also, since January 2021, a decree requires individuals and businesses undertaking new construction projects to systematically deploy fiber optics on behalf of SIN at their own expense.

Since it was created, the SIN’s missions have changed significantly. They now cover more technical aspects in telecoms, financial activities of portfolio management, or even economic activities related to the collection of royalties.

The company which is headed by Attia Byll was launched under the WARCIP or West African Regional Communications Infrastructure Development Program. This program, initiated by the World Bank, aims to improve internet connectivity in Togo, make the internet more affordable and create an enabling environment for the digital economy in the country.

Fiacre E. Kakpo

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