Stanlib Infrastructure Investments in South African data centre deal
Investment to accelerate the expansion of Cassava Technologies' data centre subsidiary, Africa Data Centres.
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Stanlib Infrastructure Investments has invested in Cassava Technologies to accelerate the expansion of its data centre subsidiary, Africa Data Centres, in South Africa.
The investment will support the expansion and development of AI-ready facilities at Africa Data Centres’ campuses in Johannesburg and Cape Town.
Hardy Pemhiwa, president and group CEO of Cassava Technologies, said: “Partnering with Stanlib strengthens our South African operations and validates the robust foundation we’ve built. It provides us the scale required to serve major hyperscalers and enterprises as they rapidly increase their demand for secure, high-capacity connectivity and cloud services across the region.”
Andy Louw, co-head at Stanlib Infrastructure Investments, commented: “We are proud to partner with Africa Data Centres, a leader in Africa’s digital evolution. Data centres are critical infrastructure for the modern economy, and our investment will strengthen South Africa’s digital backbone, enabling ADC to contribute meaningfully to the country’s growth. It aligns with our desire to be an economic enabler for the South African economy by deploying capital that drives growth while giving institutional investors differentiated access to a unique asset class.”
Africa Data Centres currently operates seven facilities across Africa.
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Africa's digital ambitions require substential infrastructure investements like this. Cassava Technologies positioning across South Africa and the broader continent is critical as AI-driven demand accelerates cloud servises. Regional data sovereignty is a long-game opportunity that Stanlib clearly understands. This kinf of scale investment builds continental capability.