Africa Data Centres has secured ZAR 2 billion in funding arranged by RMB to expand its data centre capacity in South Africa for the increasing demand in cloud computing services.
The funding reflects the company’s commitment to growth and confidence in South Africa’s data centre market, aiming to support the digital transformation of customers and achieve a digitally connected future. RMB served as the coordinator and lead arranger for the funding facility, aligning with Africa Data Centres’ strategic objectives.
Operating a network of edge data centres across Southern, East, and West Africa, Africa Data Centres will use this funding to expand its hyperscale data centre capacity by an additional 20MW. This expansion reinforces its position as a leading provider of interconnected, carrier and cloud-neutral data centre facilities in Africa.
“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,” said Nana Phiri, Head of Corporate Client Group at RMB.
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