Kathmandu, July 9 -- Nepal will receive a $29 million investment to expand broadband and data infrastructure.

The initiative brings together the International Finance Corporation (IFC), Standard Chartered Bank Nepal Limited (SCBNL), WorldLink Communications Ltd., and its subsidiary Data World Ltd., with backing from the International Development Association's Private Sector Window.

The investment will help grow Nepal's fibre optic networks and establish modern, environmentally sustainable data centres. This includes the country's first EDGE-certified facility, targeting improved connectivity in underserved areas and supporting rising demand for data storage and processing, the organisations said in a joint statement.

"This strategic pa...