The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has committed $30 million of new capital to WIOCC, a key Pan-African telecommunications infrastructure provider.
This includes a $15 million investment directly in WIOCC, as well as a $15 million commitment in local currency by Ninety One to Open Access Data Centres (OADC), a WIOCC Group subsidiary. This will be used to construct a new data center in South Africa and expand existing facilities.
The investment is a re-up commitment, building on EAAIF's $40 million loan to WIOCC in 2020.
Africa has one of the world’s lowest internet-usage rates, with only 38 percent of the population online in 2024, compared with a global average of 68 percent, according to EAAIF. These commitments seek to help bridge Africa’s digital gap, supporting WIOCC to increase services across more than 30 countries.
WIOCC’s infrastructure
