KIGALI, RWANDA – Korean Telecom Corporation under the [KT] has established their second joint venture company in Rwanda. KT is the Republic of Korea’s largest telecommunication provider.
The new company Africa Olleh Services Ltd, will help improve on Information technology in the country.
This was disclosed recently while signing a closing memorandum to fulfill their Shareholders agreement done last year 2013.
The memorandum was signed by the Rwanda Development Board CEO Ambassador Valentine Rugwabiza, and the Global and Enterprise Group, KT Corporation Mr. HJ Kim.
According to RDB, the government of Rwanda and KT entered a public partnership [PPP] which would help Rwanda get high speed broadband network and expand the nation’s online services capability which would help Rwanda meet her targets in the ICT sector.
“Our mission is to help Rwanda get about 700 high skilled professionals to help her develop,” said HJ Kim according to a press release on RDB website.
He said that this would help KT enter into Sub- Saharan African markets.
“Developing a broad base of ICT skills is in line with the Rwanda’s goals as stated in the Economic Development and Poverty Reduction Strategy Program ll,” he noted.
Olleh Rwanda Network Ltd that was established last year is to add 4G LTE to Rwanda’s comprehensive national fibre optic infrastructure, providing speed mobile broadband, whereas Africa Olleh Services will expand Rwanda’s cloud service capability which will enabling businesses, the government plus individuals to conduct different activities online.
The first company will therefore cover over 95 percent of the Rwandan population by 2017. Amb.Rugwabiza said that so far the first company was operational and had received shareholder funding hence is on its target of completing 4G LTE wireless broad band roll out.
“KT second company will start its operations in March 2014 and will firstly work with different government projects allocated to it,” she said.
This is expected to ease business in the country by reducing transaction costs and time. Rubagwiza again said that productivity and efficiency would be boosted by the highly created employment throughout the economy.