Cassava Technologies has secured a bespoke financing solution from South African banking group RMB, enabling the expansion of its data center capacity to meet the growing demand for cloud computing in South Africa. This funding will increase Cassava’s hyperscale capacity by 20MW.

“This funding is a significant milestone in the growth of Africa Data Centres,” said Hardy Pemhiwa, president & Group CEO of Cassava Technologies. “It underscores our commitment to growth and our confidence in the future of the South African data center market. The additional funding will allow us to support the digital transformation journeys of our customers. Data centers are key to delivering on our vision of a digitally connected future that leaves no African behind.”

RMB played a crucial role as the coordinator, initial mandated lead arranger, and book runner for the facility.

“The data center space presents a significant digital infrastructure opportunity, as there is currently a large deficit of supply versus demand,” said Nana Phiri, head of corporate client group at RMB. “With the exponential growth in demand for data center capacity in Africa, we are proud to partner with Africa Data Centres as they facilitate digital transformation across the continent. We see this funding as part of RMB’s mandate of financing the development of a sustainable digital economy in South Africa.”

Africa Data Centres currently operates a facility in Cape Town, and is completing a 20MW data center in Cape Town, along with two other facilities in Johannesburg’s Samrand and Midrand areas, which it plans to expand from 30MW to 100MW.

Africa Data Centres also has data centers in Nairobi, Kenya, and Lagos, Nigeria. Last year, they announced plans to expand their portfolio with new centers in Kigali, Rwanda; Lome, Togo; and a 30MW data center in Accra, Ghana.