Wiocc Group has secured a $30-million equity investment from the International Finance Corp as it ramps up investment in fibre networks and data centres.
pan-African telecommunications and data centre infrastructure company, has secured a US$30-million equity investment from the International Finance Corporation .
Wiocc, which was one of the original investors in the Eassy submarine broadband cable system along Africa’s east coast, is aggressively deploying fibre and data centre infrastructure across the continent. The investment in Wiocc builds on the IFC’s previous financing to Wiocc Group, which included a $20-million loan issued in 2020 issued by its fast-track Covid-19 financing facility, which was set up to help sustain economies and preserve jobs during the pandemic.Wiocc sees big opportunity as Equiano, 2Africa cables come online
“This new investment supports our goal of establishing an integrated, open-access, core-to-edge cloud ecosystem throughout the African continent, underpinned by truly scalable, carrier-neutral, open-access, shared infrastructure that delivers high-quality and affordable digital connectivity,” said Wood in a statement about the IFC’s latest investment.
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