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News By Year: 2012

XSML invests in 4G internet provider in Central African Republic

Today, fund manager XSML announced its first investment in the Central African Republic (CAR) through its Central Africa SME Fund. The investment in Millenium Telecom, an Internet Service Provider, will offer reliable and affordable high speed internet access to individuals and businesses in the CAR.

Robert Zoellick speech on XSML and the Central Africa SME Fund

In 2010, the World Bank focused on these countries in our World Development Report on Conflict, Development, and Security. One of the conclusions of that report was that private sector development is a key factor in infrastructure and logistics, local banking, service delivery, and job creation – to show early results as well as longer-term … Continued