Original disclosure @ IFC website
Updated in EWS May 7, 2022
Disclosed by Bank Jul 23, 2021
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This project aims to support Liquid’s growth strategy, IFC intends to make an equity investment of approximately US$ 90 million in the company, as part of a rights issue for existing shareholders to support the company’s data center capacity expansion in Africa (the “Project”).
Liquid Telecommunications (Jersey) Limited (Liquid, LTJ or the “Company”) is an independent telecommunications provider of international, voice, internet and data transmission using fiber and satellite technologies. Liquid, part of the Econet group of companies, is a leading pan-African technology group with operations across 15 countries, primarily in Sub-Saharan Africa. Liquid has firmly established itself as the leading provider of pan-African digital infrastructure with an extensive network covering approximately 100,000 km. Liquid is redefining network, cloud, and cybersecurity offerings through strategic partnerships with leading global players, innovative business applications, smart cloud services and world-class security on the African continent. The Group also operates state-of-the-art data centres in Johannesburg, Cape Town, Nairobi, Harare and Kigali, with a combined potential 19,000 square metres of rack space and 74 MW of power. Liquid owns Liquid Telecommunications Holdings Limited (“LTH”) and Africa Data Centres Holdings Limited (“ADC”) which together carry out Liquid business across Africa through subsidiaries (national operating companies) (“Liquid Group”).
Project contacts are not available at the time of disclosure.
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