Nigeria: WIOCC secures green financing to fund OADC roll-out

Jun 21, 2024 | Posted by Abdul-Rahman Oladimeji

Pan-African data center and fiber group WIOCC has secured green financing deal fromthe International Finance Corporation (IFC) and Proparco to fund its data center and fiber roll-out in three African countries.

“We are excited to conclude this next stage of our capital raise, which will enable significant expansion, adding further capacity to our open-access data center operation and extending open-access hyperscale national, international, and metro connectivity across our key markets in Nigeria, southern Africa, the DRC and Greater East and Central Africa,” said Chris Wood, CEO of WIOCC Group. “Our policy of continual investment in infrastructure to create Africa’s first, truly open-access interconnected digital ecosystem means ongoing investment for growth, ensuring readiness to meet the future demands of our clients’ customers throughout Africa.”

“The Agence Française de Développement Group have been supporting WIOCC since its inception back in 2007,” said Ariane Ducreux, head of energy, digital, and infrastructure at Proparco. “We are very proud to pursue this long-term partnership by supporting the expansion of the Open Access Data Centres’ activities in Nigeria, South Africa, DRC and beyond. The sustainability-linked structure of this new financing, along with technical assistance support, also aims to incentivize the rollout of energy and water-efficient data centers, while adapting implementations to the specs of each site environment.”