New Investments
Africa Data Centres Secures $108.9 Million for South Africa Expansion
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.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Ghanaian-Swiss Cocoa Upcycling Startup Koa Secures US$15 Million to Revolutionize Industry
Koa, a Swiss-Ghanaian cocoa upcycling startup, has secured a landmark US$15 million investment in its Series B funding round to transform the cocoa industry with its innovative approach to sustainability and farmer empowerment.
BII, AfDB, and EBRD Commit $479M in Scatec’s Solar Project to Boost Egypt’s Clean Energy Capacity
The British International Investment (BII), the African Development Bank (AfDB), and the European Bank for Reconstruction and Development (EBRD)—have pledged a combined $479.1 million to Obelisk Solar Power, a project vehicle owned by renewable energy company Scatec.
Egypt E-Commerce Platform Cartona Secures $8.1 Million in Series A Extension Round
Cartona, one of the leading B2B e-commerce platforms in Egypt, has successfully raised an additional $8.1 million in a Series A extension round, bringing the total Series A funding to $20.1 million.