IFC, part of the World Bank Group, is to loan US$3 million to the Kyrgyz Republic's largest private wholesale broadband operator, its first investment in the country.
How Global Connections Are Progressing Rwanda s Gaming Industry – Taarifa Rwanda taarifa.rw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taarifa.rw Daily Mail and Mail on Sunday newspapers.
Teraco Data Environments, Africa’s largest data centre provider, is considering expanding to Nigeria and Kenya, CEO Jan Hnizdo reveals.
The company could create data centres of between 1MW and 4MW in those countries, Hnizdo says from Johannesburg. Nigeria and Kenya have the liberalised telecoms sectors that data centres need, he adds.
Growing numbers of African internet users make it harder to serve the continent’s needs via offshore data centres in Europe or the US. Local capacity means faster connections speeds, and Africa’s data centre market is set to grow at a compound annual rate of more than 12% to reach $3bn in 2025, according to Turner & Townsend.
25 february 2021 - 21:35:08 AO/VAO Panafrican News Agency
Liquid Telecoms subsidiary raises US$840 million for long-term growth
London, Britain (PANA) - Liquid Telecommunications Financing, part of the African telecoms group, Liquid Telecom, has arranged a bond and term loan totaling US$840 million to support its growth, the firm said Thursday
Strive Masiyiwa. Craig Warga/Bloomberg
Liquid Telecom, controlled by African telecommunications tycoon Strive Masiyiwa, raised US$840-million (R12.4-billion) in a bond sale to refinance debt and expand further into Africa.
The sale was conducted by joint bookrunners JPMorgan Chase & Co, Standard Chartered and Standard Bank Group, Liquid chief financial officer Kate Hennessy said on Thursday by e-mail. The amount raised includes a $100-million investment by the International Finance Corp.
The offering was 5.5 times oversubscribed, Hennessy said.
The level of interest from high-quality investors has been unprecedented for an African issuer and reflects an excess of 220 investor orders
“The level of interest from high-quality investors has been unprecedented for an African issuer and reflects an excess of 220 investor orders,” she said. “The order book shows the confidence that investors have in the future growth strategy for the group.”