The decision to raise new funds "is another important step for Liquid Telecom as we continue our journey to bring high-speed connectivity to more of Africa," said Group CEO Nic Rudnick in a prepared statement. "Through additional funding, we hope to be able to continue this period of accelerated growth for the group, enabling us to extend our network footprint across more of the continent."
"Through additional funding, we hope to be able to continue this period of accelerated growth for the group," said Liquid Telecom Group CEO Nic Rudnick.
That statement suggests Rudnick plans further acquisitions to expand Liquid Telecom's business, which, according to TechCentral, generated revenues of $594.6 million and gross profits of $359.6 million in the 12 months to the end of February this year.
— Ray Le Maistre, , International Group Editor, Light Reading for Connecting Africa.
Africa was the birthplace of Mobile Money and while it continues to rise in popularity, the industry is quickly evolving and launching more mobile-based financial services every day. In this Connecting Africa online event, local analysts and industry stakeholders will discuss how telcos are disrupting the financial services space and what the rise of Mobile Money 2.0 will look like for Africa.
From cash to mobile: heading towards a cashless society
Expanding MFS offerings beyond mobile money transfers
MNOs vs banks vs fintechs: an evolving competitive landscape
Unconnected and unbanked: fintech to improve financial inclusion
The rise of micro-loans and insurance through mobile platforms
Africa has the fastest growing population in the world and also the youngest, with 60% of Africans under the age of 25. It is clear that the next billion connected are going to be the mobile-only generation. This digital symposium will bring industry experts together to discuss Africa’s digital divide and how to get devices into the hands of young Africans and empower them to join the digital revolution.
Who’s Driving? The role of government & regulator, private tech companies, and public-private partnerships
Device affordability: are we reaching a tipping point?
Status check: Satellite vs Fiber and the enduring infrastructure gap
Exploring the wider societal and economic benefits of a connected, digitally literate continent