Liquid Telecommunication Holdings Ltd. is making moves to secure $225 million in equity by the year’s end, with a substantial portion coming from the U.S. International Development Finance Corporation (DFC), which is set to play a major role in a $90 million segment.

This demonstrates the United States’ particular interest in African infrastructure, especially given the escalating geopolitical competition with China.

Liquid expects the influx of capital to help manage its upcoming loan and bond repayments, which include $620 million in bonds maturing in 2026 and a $156 million term loan.

Liquid Telecommunications (Jersey) Limited is a leading pan-African technology group operating in 15 countries, mostly in Sub-Saharan Africa.

Through strategic partnerships with leading global companies and cutting-edge business applications, the company is redefining network, cloud, and cybersecurity offerings.

The Group also manages data centres with a combined capacity of 19,000 square meters of rack space and 74 MW of power in Johannesburg, Cape Town, Nairobi, Harare, and Kigali.

Liquid is also collaborating with Google and Microsoft, two of the biggest names in computing, to advance broadband projects throughout Eastern Africa. With Microsoft’s help, Liquid hopes to provide 20 million people in Kenya and Zambia with reasonably priced internet service.

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As an alternative to undersea cable routes, its collaborative efforts with Google are focused on building terrestrial fibre networks throughout several African countries, enabling connectivity to data centres.

With more than 110,000 kilometres of fibre already installed throughout Africa, Liquid is actively addressing the growing need for data storage and high-speed internet on the continent.

Considering that Africa is still the least connected continent in the world while having a rapidly growing population and the potential for digital change, this growth is especially important.

The Group has started advanced talks to refinance its current South Africa Rand term loan with a few chosen current lenders, including the International Finance Corporation (IFC).

Additionally, the partnership with Microsoft’s Airband Initiative and the funding from IFC and RMB to support universal and affordable broadband access in South Africa’s Eastern Cape are set to accelerate the realisation of Liquid’s vision of an African-led digital future.

With the help of the projected US$90 million equity investment, the company hopes to expand its data centre business and deepen its role in pushing Africa’s digitisation. Over the next several years, it plans to pursue its planned capital expenditure program.

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The project is still in progress and will see the company’s data centre operations expanded throughout Africa, including South Africa, Kenya, Nigeria, and Egypt.

Since its founding as a private telecoms firm in 2004, Liquid has been privately controlled by a number of investors, including the Masiyiwa Family, CDC Group, Royal Bafokeng Nation, and Gateway Partners.

Liquid Telecommunication Holdings Ltd. is essentially advantageously positioned to provide digital infrastructure throughout Africa, emphasising digital transformation and improving connectivity.