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Southern Africa

Africa Data Centres Gets Funding For South African Expansion

Funding will enable firm to increase capacity by 20MW.

June 24, 2024

By Sneha Abraham
Africa Data Centres has secured US$111 million in funding to expand its hyperscale data centre capacity by 20MW in South Africa.South Africa’s Rand Merchant Bank (RMB) acted as the coordinator, initial mandated lead arranger and bookrunner on the facility.Africa Data Centres, a subsidiary of pan-African Cassava Technologies, currently operates two

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