iXAfrica Fuels Digital Expansion in East Africa with Significant RMB Financing
iXAfrica, a leading carrier-neutral and AI-ready data centre provider, has announced a major multi-tranche funding package from Rand Merchant Bank (RMB), a division of FirstRand. This crucial financial injection is set to propel iXAfrica into its next phase of rapid growth, reinforcing its commitment to meeting the escalating digital demands across the region. This strategic partnership with RMB underscores a significant stride in enhancing Africa’s digital infrastructure.
Boosting Nairobi’s Data Centre Capacity and Regional Footprint
The secured RMB financing is earmarked to significantly expand iXAfrica’s infrastructure, specifically facilitating the construction of an impressive additional 20 MW of IT power at its Nairobi data centre campus. This expansion will dramatically increase the company’s operational capacity, building upon the initial 2.25 MW already in active service. RMB’s role in this partnership is noteworthy; they developed a tailored financial solution for iXAfrica, signifying the commencement of a new relationship and highlighting RMB’s dedication to collaborating with high-calibre clients across the African continent. This investment is pivotal for the burgeoning African tech ecosystem, enabling greater access to advanced data processing capabilities. Guy Willner, Chairman of iXAfrica, expressed his enthusiasm, stating, “Our company has bold plans and ambitions, and we’ve been consistently delivering on them. Closing this financing with RMB secures our next phase of growth and positions us to welcome more hyperscale and AI customers. We remain committed to expanding our East African footprint and deepening.” This quote emphasizes the company’s forward-looking strategy and its readiness to cater to the evolving needs of advanced technology users.
This substantial investment from RMB positions iXAfrica as a key player in accelerating digital transformation and AI readiness in East Africa. By significantly enhancing its data centre capabilities in Nairobi, iXAfrica is not only meeting current market demands but also proactively preparing for future technological advancements, thereby strengthening Africa’s position in the global digital economy and supporting the growth of its vibrant tech sector.
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