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WIOCC Group secures over $50 million in a debt financing round to expand digital infrastructure in Nigeria, South Africa, and DRC

Jun 21, 2024•about 1 year ago

Amount Raised

$50 Million

CybercityCloud Infrastructure

Description

WIOCC Group has secured a significant funding package of over $50 million from a consortium of international institutions, including the IFC, Proparco, and RMB Corvest, to enhance digital infrastructure and connectivity across Africa. The funding will be used for expansion initiatives in Nigeria, South Africa, and the Democratic Republic of the Congo to improve data centre services and grow fibre networks.

Company Information

Company

WIOCC Group

Location

Cybercity, South Africa

About

We are Africa’s leading provider of comprehensive, integrated core digital infrastructure solutions and managed network services for the world’s leading hyperscalers, content providers and telcos. Our policy of continual investment in our network to create Africa’s first, truly open-access interconnected digital ecosystem means ongoing investment for growth, ensuring our readiness to meet the future demands of end users throughout Africa. We are continually building the next-generation of infrastructure and services that empower businesses and consumers to fuel inclusive growth and promote sustainable development throughout the continent.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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