U.S. Development Agency to Invest in Liquid Telecom’s $225 Million Equity Raise

Liquid Telecommunications Holdings Ltd., a leading African fiber company, is set to secure $225 million in equity by the end of the year. Significant backing for this venture will come from the International Development Finance Corporation (IDFC), a U.S. development agency, Bloomberg reported.

According to Hardy Pemhiwa, CEO of Liquid Telecom, the IDFC will be a major investor in an upcoming $90 million tranche, expected in the coming weeks. This investment marks a pivotal moment in Liquid Telecom’s capital-raising efforts.

In addition to the initial funding round, Liquid Telecom plans to conduct a second round later in the year. This additional capital will further bolster the company’s efforts to expand its fiber network across Africa.

The investment from the IDFC underscores the growing interest in enhancing digital infrastructure on the continent, supporting Liquid Telecom’s mission to strengthen connectivity and drive technological advancements.