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.
“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.
Senegalese logistics company Chargel has secured $2.5 million seed funding for Francophone Africa expansion.
Women-focused investment fund, Wic Capital, has secured a $1 million loan from a prominent UK investor, FSDAi Nyala Facility.
Kubik, Inc., a pioneering African startup specializing in plastic waste upcycling, has secured $3.34 million in funding.
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