A Major Milestone in Expansion
Africa Data Centres (ADC), a division of the Cassava Technologies group, has secured over $109 million in funding, marking a significant milestone in its expansion efforts in South Africa. This financing, facilitated by Rand Merchant Bank, underscores ADC’s commitment to bolstering its presence in the African data centre market.
Expanding Capacity: 20MW Hyperscale Data Centre
The newly acquired funding will enable ADC to expand its hyperscale data centre capacity by an additional 20MW. This expansion is a strategic move to solidify ADC’s position as a leading player in the African data centre industry.
Commitment to Digital Transformation
“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.”
Historical Context: Building on a $500 Million Commitment
This announcement follows a $500 million investment commitment made by ADC in 2021 to initiate the largest-ever data centre expansion plan in Africa. This ambitious project aims to build 10 new hyperscale data centres across 10 different countries over the next two years.
Strategic Market Presence
Since the initial announcement, ADC has made significant strides towards establishing a presence in new markets with high growth potential. The ongoing expansion efforts are part of ADC’s broader strategy to support the increasing demand for digital infrastructure across the continent.
A Bright Future for Africa Data Centres
The secured funding not only reinforces ADC’s growth trajectory but also highlights the company’s pivotal role in the digital transformation of Africa. With plans to expand further, Africa Data Centres is poised to meet the evolving needs of its customers and contribute to the technological advancement of the region.
