The African Export Development Fund (FEDA) makes its first investment in Liquid Intelligent Technologies. The announcement was made by the African Export-Import Bank (Afreximbank).

The African Export-Import Bank (Afreximbank) announced that this first investment focuses on development impact, and which provides equity and quasi-equity financing to companies developing the trade and export of value-added goods and services in Africa. This investment offers FEDA the opportunity to become a stakeholder in the fast-growing African technological infrastructure landscape in which Liquid is a major player. With a fiber optic network currently spanning over 100,000 km in sub-Saharan Africa, one of the world's fastest-growing data markets, Liquid has direct access to international submarine cable infrastructure as well as significant investments in data centers on the continent. Liquid is the only operator in sub-Saharan Africa to have a fiber optic network covering several countries with such a geographical extent. Liquid's infrastructure therefore facilitates intra- and extra-African connectivity, thus reducing the cost of communications and trade, in line with the mandate of FEDA and Afreximbank.