Africa Data Centres secures over $109 Million to expand operations

Africa Data Centres (ADC), a division of the Cassava Technologies group, has secured over $109 Million in funding to expand its capacity in South Africa.  This funding was facilitated by Rand Merchant Bank. 

The financing will enable Africa Data Centres to expand its hyperscale data centre capacity by an additional 20MW,  as it seeks to solidify its position as a leading player in the African data centre space.

“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.”

This announcement is a follow-up to the $500 million investment commitment made in 2021 by ADC to commence the largest-ever data centre expansion plan in Africa – building 10 new hyperscale data centres in 10 different countries over the next two years. The company has since then made significant steps towards establishing a presence in new markets with high growth potential.