Zimbabwean billionaire Strive Masiyiwa is battling to sell a stake in Africa’s largest fibre company, Liquid Telecommunications. Masiyiwa hired Goldman Sachs earlier this year to sell the stake, but talks with potential investors started unravelling after the Covid-19 outbreak. The coronavirus pandemic is hampering efforts by Zimbabwean billionaire Strive Masiyiwa to sell a stake in Africa’s largest fibre company. Liquid Telecom operates in 13 countries in East, Central and southern Africa with data centres in Johannesburg, Cape Town and Nairobi. UK development finance institution CDC in December 2018 bought almost 10% of Liquid Telecom for $180 million.

Source: News 24 July 30, 2020 18:22 UTC