20 Jun Africa Data Centers plan to expand after funding deal

Africa Data Centres unlocked funding that will allow them to expand data centre capacity and meet the growing demand for cloud computing services in South Africa.

“This funding is a significant milestone in the growth of Africa Data Centres,” said Hardy Pemhiwa, President & Group CEO of Cassava Technologies.

“It underscores our commitment to growth and our confidence in the future of the South African data centre market. The additional funding will allow us to support the digital transformation journeys of our customers. Data Centres are key to delivering on our vision of a digitally connected future that leaves no African behind”.

Nana Phiri, head of the corporate client group at RMB- who arranged the funding for Africa Data Centers said: “The data centre space presents a significant digital infrastructure opportunity, as there is currently a large deficit of supply versus demand. With the exponential growth in demand for data centre capacity in Africa, we are proud to partner with Africa Data Centres as they facilitate digital transformation across the continent.  We see this funding as part of RMB’s mandate of financing the development of a sustainable digital economy in South Africa”