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
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
Mozambique data centre market grows with site’s breaking ground in Maputo
Mozambique’s internet users has more than doubled in the last six years which in its turn is driving the push for further digital infrastructure across the country. The new round of investments has come from pan-African data centre developer Raxio Group which has broken ground on a Tier-III data centr, located at Beluluane Industrial Park (MozParks) in Maputo. Accordin...
October 03
Digital Realty consolidates Africa play with closing of $3.5bn Teraco takeover
US data centre REIT Digital Realty (NYSE: DLR) has completed the acquisition of a majority 55% interest in Africa-based provider Teraco. The stock has been bought from a consortium of investors, including Berkshire Partners and Permira, in a transaction valuing Teraco at approximately US$3.5 billion. The acquisition of Teraco adds South Africa to Digital Realty's three e...
August 01
A morning briefing on what you need to know in the day ahead, including exclusive commentary from Tech Capital's writers
