CDC, the UK’s development finance institution, has announced a US$180m equity investment in Liquid Telecom, the largest independent fibre and cloud provider in Africa.

CDC’s investment will enable Liquid Telecom to expand broadband connectivity to some of the most underserved markets across Africa and will support the continent’s thriving tech start-up ecosystem with high-speed internet and cloud-based services.

Digital infrastructure remains a major problem for Africa’s governments, people and its businesses. Improving access to affordable and quality internet is central to Africa’s development and economic growth, and a key part of UN Sustainable Development Goal 9.

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Photo credit: ©CDC Group