- Zambia reduces interest rates on student loans by 5 per cent
- Twiga Foods raises undisclosed funding despite massive layoffs
- No more excuses: Commonwealth to call for accelerated action on climate crisis at COP28
- London’s Verto and UBA spearhead cross-border payments in East Africa
- Mozambique’s $80 Billion Green Energy Gamble: A Strategic Shift with Global Implications
- Financial professionals must lead Africa’s switch to sustainable growth
- Africa-Europe team pioneers study for severe malaria response in isolated rural areas
- Building bridges: President Biden invites Angolan counterpart João Lourenço for talks
Browsing: Liquid Telecom
Liquid Intelligent Technologies has opened an Internet Point of Presence in Miami, connecting to the Liquid network via a South Atlantic subsea cable.
In a statement, the technologies company says the new POP is connected to their 100,000km of fibre across 11 countries on the continent and another 14 countries via the Operators Alliance Programme and Liquid Satellite Services.
This is part of Liquid’s East-West route between the US and Asia via Africa.
The company says the move will result in customers being able to leverage a better connection to the US, giving them access to Cloud services, OTT resources, Internet content and high-quality voice and video calls with family and business partners.
Speaking about the impact, David Eurin, Chief Executive Officer, Liquid Sea, said the new POP in Miami will enable US-based operators, businesses, OTT, Cloud service providers and CDN operators to access 40 data centres across Africa, including …
Three significant news items went on the global wire on 25th February 2021 as follows;
- Liquid Telecom, a member of the Econet Group that has laid more than 70,000km of fiber optic cable across Africa, raised $840M financing package (US$620M bond and a US$220M equivalent term loan in Rand). This was Liquid Telecom’s second bond issue and it was 5.5 times oversubscribed with JP Morgan Chase & Co, Standard Chartered Plc and Standard Bank Group Ltd as joint global bookrunners.
- Convergence Partners, a leading Pan African Private Equity fund entered into an agreement with Nasdaq listed Inseego (INSG) to acquire 100% of their subsidiary Ctrack’s operations in Africa and the Middle East.
- Ecobank Nigeria, the largest country operations of Ecobank Transnational Incorporated (ETI), issued a London listed $300M bond that was 3 times oversubscribed and drew significant international
East Africa Data Centre (EADC) Asset Company has finalized a $1.2Million investment in design, installation, and maintenance of commercial and industrial solar systems conducted jointly with Distributed Power Africa (DPA) and Mettle Solar.
EADC is a subsidiary of Liquid Telecom and is Kenya as well as Africa’s first and largest network of an interconnected, carrier, and cloud-neutral data center facilities. It is part of Africa Data Centres, a chain of data centers spread across Africa with hubs in Johannesburg, Kigali, Nairobi and Harare.
DPA AND Mettle Solar’s partnership seeks to provide solutions to industries in Africa looking to meet their technical and financial challenges while investing in renewable energy. The solar plant will enable EADC to significantly lower their overall energy costs whilst at the same time reducing their carbon footprint.
“We are excited to have a DFI-backed company like Mettle, as a co-investor alongside DPA. With sub-Sahara Africa experiencing …
Liquid has deployed a high-capacity fibre optic backbone connecting subsea cables on the East Coast of Africa with cables on the West Coast of Africa…
Distributed Power Africa (DPA) has unveiled a 1.2MW solar installation at Liquid Telecom’s Campus in Midrand, Johannesburg –one of their largest projects to date in South Africa. Recently, the company also announced a major deal with Tesla to bring Powerwalls into Zimbabwe, as a part of their telecoms power solution.
According to the CEO of DPA Africa, Norman Moyo “This solar deployment to Liquid Telecom Midrand is a major development in improving energy security for critical users like data centres. It will improve their power security and energy efficiencies. The power needs of data centres tend to be heavy and sensitive, and DPA’s engineering hopes to provide a reliable power supply to keep this operation running with no downtime.”
DPA designed and is engineering the Liquid Telecom Midrand solar plant as a combined carport and rooftop solution, that will come complete with a real-time power monitoring system. This initiative is …
For Africa’s tech scene to truly thrive in the 21st century, it needs to quickly develop local digital skills and expertise.…
The IIC will award a total of USD1.6 million this year —including USD250,000 to each of the four winning organisations.…