WIOCC Group secures additional USD $65 million debt raise to expand digital infrastructure across Africa

This sustainability-linked financing, arranged by Proparco, IFC, Emerging Africa Infrastructure and Asia Infrastructure Fund (EAAIF) and Ninety-One, will drive WIOCC Group’s continued expansion of connectivity capacity and digital infrastructure across the continent. It will help strengthen a resilient, inclusive, and future-ready, carrier-neutral digital ecosystem, while supporting the Group’s planned 2026 capital expenditures. 

The AFD Group and WIOCC have built a strong partnership since the company’s inception in 2007, supporting its expansion across Africa, notably in South Africa, Nigeria, and the Democratic Republic of Congo. 

“Proparco is very proud to reinforce the long-standing partnership with this flagship African player at a time when it has successfully evolved into a diversified digital infrastructure platform. By supporting WIOCC’s expansion across terrestrial fiber, submarine cables and open-access data centers, Proparco is helping strengthen a leading network that carries an important part of Africa’s internet traffic. This new financing, arranged alongside IFC and Ninety-One, will contribute to accelerating resilient, energy-efficient connectivity solutions in markets where reliable digital services are essential for economic transformation.” Said Françoise Lombard, CEO of Proparco.

Samuel Ndungu, CFO of WIOCC Group, commented: “This new financing underscores the continued confidence of our development finance partners in WIOCC Group’s long-term growth strategy and our role in driving Africa’s digital transformation. The additional capital enables us to further scale our network infrastructure, extend our data centre footprint and enhance the resilience and capacity of our pan-African digital ecosystem. Through this, we remain steadfast in our commitment to enabling digital inclusion and making an enduring contribution to the development of Africa’s digital economy.”