Liquid Telecom to Invest $200 Million in African ExpansionCharles Wachira and Chris Spillane
Liquid Telecommunications Ltd., the builder of Africa’s largest single fiber network, will invest $200 million in developing its operations across the continent over the next two years, Kenya Chief Executive Officer Ben Roberts said.
About 65 percent of the funds will be used to lay fiber networks and 20 percent to build data centers, Roberts said today in the capital, Nairobi. The closely held company will focus its expansion in eastern, central and southern African nations.
“The Kenyan market has shown most growth and is headed to maturity” alongside South Africa, Roberts said. The company has invested $20 million since March in Kenya, East Africa’s biggest economy, he said.
Liquid Telecom, which is owned by Econet Wireless Group and based in Port Louis, Mauritius, is responsible for building Somalia’s first fiber-optic broadband link.