Helios Investment Partners Pumps $50 million into Kenya's IXAfrica
Nov 11, 2022 |
Posted by
Abdul-Rahman Oladimeji
Helios Investment Partners has announced a $50m investment into Kenyan data center company IXAfrica. The investment in the data center company is expected to close before the turn of the new year. The transaction is subject to customary closing conditions, which also include Kenyan regulatory approval.
The executive chairman of IXAfrica, Guy Willner, said: “This strategic investment will fast-track the development of our cloud-ready campus as the digital transformation hub of East Africa. We are delighted to have Helios join our shareholder base as a core investor. Helios has demonstrated a deep commitment to Internet infrastructure development, and this, combined with their leadership in African private equity, will ensure IXAfrica becomes a market leader in Kenya.”
IXAfrica was established last year. The company is currently developing a 20MW data center on a 186,215 square feet (17,300 square meters) plot in Mombasa.
