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Mobile phone services firm Safaricom Limited has acquired a 10 per cent stake in The East Africa Marine System (TEAMS) undersea fibre optic company after it bought out rival firm Essar for US$11mn

A new McKinsey report released at this years ITU Telecom World in Bangkok has highlighted how the fast growth of Africas Internet usage could add US$300bn a year to the continents GDP by 2025, while transforming key sectors including agriculture, retail and health

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