Jul
04

Africa’s Largest Data-Center Firm Plans $73 Million Investment

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  • Teraco increases debt facilities to 1.8 billion rand from ABSA
  •  Cash will help boost capacity of Johannesburgh data center

Teraco Data Environments Pty Ltd. plans to invest about 1 billion rand ($73 million) as Africa’s largest data-center operator expands infrastructure to meet rising demand.

The closely-held business will have spent 4.5 billion rand on building data-services centers in South Africa when the current investment cycle ends in 2019, Chief Financial Officer Jan Hnizdo said in an interview Tuesday. Funding has come from a debt facility provided by Barclays Africa Group Ltd., also known as Absa, which is lending as much as 1.8 billion rand…

Africa’s Largest Data-Center Firm Plans $73 Million Investment

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