IFC, PROPARCO support WIOCC Group’s green financing round for Pan-African digital infrastructure expansion
The World Bank Group’s International Finance Corporation (IFC) and the Agence Française de Développement Group’s subsidiary PROPARCO have backed a green financing round into Pan-African digital infrastructure provider WIOCC Group. The financing, which includes loans of ZAR 200 million (US$...
June 21
Africa Data Centres secures ZAR2bn for South African expansion
Africa Data Centres (ADC), a subsidiary of Cassava Technologies, has secured a ZAR2 billion facility (equivalent to US$108.9 million) to expand its data centre capacity and cater to the increasing demand for cloud computing services in South Africa. The financing has been tailored to align with ADC's expansion objectives, with RMB acting as the Coordinator, Initial Mandated...
June 17
South Africa’s Department of Communications and Digital Technologies U-turns on state-owned data centres plan
South Africa's Department of Communications and Digital Technologies (DCDT) has reversed its plans to establish state-owned data centre facilities due to various challenges and limitations. The DCDT stated that challenges concerning electricity supply, procurement of technical skills, and the costs associated with building and maintaining data centres could render them unsu...
June 04
Actis spends $355m to buy South African cell tower portfolio
Infrastructure investor Actis together with Royal Bafokeng Holdings has entered into an agreement to acquire a 100% stake in Swiftnet, a telecom tower portfolio in South Africa, from Telkom for an enterprise value of ZAR6.75 billion (c.US$355 million). The transaction, which is still subject to regulatory approvals and closing conditions, will add over 4,000 sites across th...
April 09
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