African digital infrastructure provider WIOCC Group has secured $65 million in sustainability-linked debt financing, underscoring rising investor appetite for the continent’s fast-growing digital backbone as demand from cloud, content, and enterprise customers accelerates.
The financing was arranged by a consortium of development and investment institutions, including the International Finance Corporation, Proparco, Emerging Africa & Asia Infrastructure Fund, and asset manager Ninety One. WIOCC said the capital will be used to expand open-access, hyperscale connectivity and deepen interconnection between carrier-neutral data centers across Africa.
Since its founding in 2008, WIOCC has invested more than $750 million in digital infrastructure, building high-capacity networks that link data centers, telecom operators, and subsea cable systems across multiple African markets. The company positions itself as a neutral platform at a time when reliable, scalable connectivity is increasingly seen as foundational to economic growth and digital inclusion.
“This additional financing represents another significant step forward in advancing the resilient, scalable, and open-access digital infrastructure required to support Africa’s growth,” said Chris Wood, chief executive of WIOCC Group. He added that the funding strengthens the company’s ability to execute its long-term strategy, expand its hyperscale network and data center footprint, and build a more interconnected digital ecosystem across the continent.
For IFC, the transaction reflects a broader push to crowd in private capital for digital infrastructure, which has emerged as a critical enabler of jobs, productivity, and services. Sarvesh Suri, IFC’s regional industry director for Infrastructure and Natural Resources in Africa, said the institution was pleased to deepen its partnership with WIOCC. He noted that the blended U.S. dollar and South African rand financing would help optimize WIOCC’s capital structure, reduce currency risk, and accelerate investment in resilient digital networks that promote inclusion, job creation, and economic growth.
The latest raise builds on sustainability-linked financing WIOCC secured in 2024 to support data center and fiber expansion. That earlier round included $10 million and ZAR 200 million from IFC and $20 million from Proparco, reinforcing WIOCC’s role as a key driver of Africa’s digital infrastructure development.
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