CDC Group, the UK’s development finance institution and impact investor, has announced an additional $40 million equity investment into Liquid Telecom, Africa’s largest independent fibre, data centre and cloud technology provider. This marks CDC’s second investment in the company, following a $180 million equity investment in 2018.

CDC’s additional investment is made as part of Liquid Telecom’s wider fundraise where the company attracted $307 million through a rights issue to...