Tuesday
November 9
2021

Liquid Eyes Africa’s Largest Tech Markets After $250-Million Boost From IFC

By Luis Monzon

The World Bank Group’s International Finance Corporation (IFC) has announced a new partnership with South African tech group Liquid Intelligent Technologies (Liquid) to expand data center capacity and the rollout of fiber-optic cable across the continent.

IFC’s equity and debt investments in Liquid, 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.

Photo courtesy of diema.

Source: ITNewsAfrica.com (link opens in a new window)

Categories
Technology
Tags
data, digitalization, emerging markets, partnerships, tech, technology