JOHANNESBURG - African fibre company, Liquid Telecom, won a $180 million investment from British development finance agency CDC Group to expand its high-speed broadband connectivity to some of the most under-served communities across the African continent.
This would include supporting Africa’s thriving tech start-up ecosystem with high-speed internet and cloud-based services.
Liquid Telecom is chaired by exiled Zimbabwean billionaire Strive Masiyiwa.
The CDC Group -- which is owned and managed by the United Kingdom government -- supports companies that help empower and grow developing nations.
The investment will enable Liquid Telecom to increase its network expansion.