Ninety One backs African telecoms infrastructure group WIOCC
Funds will bolster data centre capacity in South Africa and expand fibre networks across the continent.
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The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, announced a $15 million investment in WIOCC, a pan-African telecommunications infrastructure provider. Ninety One also committed $15 million in local currency to Open Access Data Centres (OADC), a WIOCC Group subsidiary, to construct a new data centre in South Africa and expand existing facilities.
EAAIF and Ninety One’s investment will support WIOCC to increase services across more than 30 countries, building on its vast infrastructure network, which includes approximately 75,000 km of terrestrial fibre and holding capacity across 200,000 km of submarine cables.
Puleng Pitso, investment specialist at Ninety One said: “Digital connectivity is one of the most powerful enablers of economic growth in Africa. By expanding access to high-speed internet, we are unlocking opportunities for entrepreneurs, small businesses, and industries to thrive in the digital economy. EAAIF’s investment in WIOCC will help strengthen the foundations for inclusive growth, job creation, and innovation across the continent.”
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