Laser Light, WIOCC strike $129 million master services agreement for Africa
Laser Light Companies and WIOCC have signed a five-year US$129 million master services agreement to bulk up Africa’s digital infrastructure backbones. As part of the terms, Laser Light will contract with WIOCC for capacity on terrestrial and subsea cables in and around Africa and support servi...
July 17
IFC, Standard Bank loan nearly $100m to African cell tower operator
African tower operator Eastcastle Infrastructure has executed a US$92 million loan facility to support new telecommunications infrastructure throughout the Democratic Republic of Congo (DRC). The facility was arranged by the International Finance Corporation (IFC) and in partnership with Standard Bank Group which acted as co-lead mandate arranger and will provide US$32 mill...
July 05
Raxio Data Centres secures sustainability-linked debt facility of up to $170m
Raxio, Roha and Meridiam have secured a sustainability-linked debt facility of up to US$170 million in multiple tranches for Raxio Data Centres, a pan-African data centre developer and operator. The financing package includes US$110 million from Proparco and the Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company. The fin...
April 18
Oracle, Orange join forces to expand West Africa cloud infrastructure
Oracle (NYSE: ORCL) and Orange S.A. (EPA: ORA) have signed a collaboration agreement as part of a joint plan to accelerate cloud-led digital transformation in West Africa. Under the agreement, the two companies will assess plans to build Oracle Cloud regions using Orange’s infrastructure in Senegal and Ivory Coast. The companies also announced plans to jointly offer cl...
November 01
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