This significant investment will allow the company to meet the growing demand for cloud computing services in the region.

The funding was arranged by RMB, a leading financial services provider in Africa.

“This is a major milestone for Africa Data Centres,” said Hardy Pemhiwa, President & Group CEO of Cassava Technologies, the parent company of Africa Data Centres.

“It demonstrates our commitment to growth and our belief in the potential of the South African data center market.”

Pemhiwa added, “The additional funding will enable us to support our customers’ digital transformation journeys. Data centers are essential for building a digitally connected future that benefits all Africans.”

Africa Data Centres operates a network of hyper-scale and edge data centers across Africa.

The new funding will be used to increase the company’s data center capacity in South Africa by an additional 20MW.

This expansion will solidify Africa Data Centres’ position as a leader in the African data center market and allow them to offer their customers the highest-quality data center facilities.