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Aga Khan has made a bid to acquire Africa’s first broadband undersea cable system company, SEACOM.
The move, which was announced last week, seeks to reorganize the SEACOM’s broadband business in Africa.
The bid was made by the Aga Khan Fund for Economic Development (Akfed). The Comesa Competition Commission made an inquiry about the proposal, and Akfed reported that it is planning to require all SEACOM shares.