To support universal and affordable broadband access in Africa, IFC has partnered with Liquid Intelligent Technologies (Liquid.Tech) to expand data center capacity and the rollout of fiber-optic cable on the continent.
The partnership with Liquid Intelligent Technologies, Africa’s leading independent fiber and digital services provider, aims to increase digital connectivity and inclusion in Africa and to support the region’s growing digital ecosystem.
IFC’s equity and debt investments in Liquid Intelligent Technologies, which to date total approximately $250 million, will support the company to grow its hyperscale data center capacity in Egypt, Kenya, Nigeria, and South Africa through its subsidiary, Africa Data Centres.
As Africa’s population grows and is increasingly urbanized, data consumption is expected to grow strongly and with this comes the need for secure local data hosting.
The investments will also support Liquid Intelligent Technologies in the continued rollout of its fiber broadband network, which today covers more than 100,000 kilometers of sub-Saharan Africa.
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