US agency to join $225m investment in African fibre firm

A US development agency will be one of the main investors as African fibre company Liquid Telecommunication Holdings Ltd. seeks to raise $225 million in equity by the end of the year, according to CEO Hardy Pemhiwa. The International Development Finance Corporation will be one of the biggest participants in a $90-million tranche in the next few weeks, while Liquid plans a second round later in the year, Pemhiwa told Bloomberg News in an email.