➢ Africa50 has made an investment in PAIX Data Centres, a company that owns and operates a pan-African carrier-neutral data center platform.
PAIX Data Centers today announced the completion of a $20 million Africa50 equity investment in PAIX Data Centers (PAIX). The funding is the first tranche of Africa50’s Series B investment in PEACE, which will be dedicated to expanding the company’s data center capacity and its growth plans in new African markets.
Since its creation in 2016, PAIX has built a solid reputation thanks to the high quality of service and the operational efficiency of its data centers which are central, well located and equipped with high-speed fiber optic connectivity. PEACE currently operates two data centers: one in Accra, Ghana, and the other in Nairobi, Kenya.
The new equity financing obtained from Africa50, PEACE’s first institutional investor, is an important step in enabling the company to pursue its growth opportunities in Africa, in line with Africa50’s commitment to invest in the societies and ecosystems that participate in the digital transformation of the continent.
Wouter van Hulten, CEO of PAIX, said: “PAIX Data Centers is leading the development and operation of world-class data centers that are neutral towards cloud service providers and telcos. , in Africa. PEACE interconnection hubs are at the heart of the African digital economy and key to its future development. Our colocation services offer our customers a wide choice of providers, high security and continuous connectivity.
Our teams are made up of local and international industry professionals, and we are proud of the multinational makeup of our business, which reflects the diversity of the continent. With the support of Africa50, we will be able to develop and expand our activities on a pan-African level, while offering a complete service to our local and international customers in key markets on the continent. »
“We are very pleased to partner with PEACE in its mission to develop data center infrastructure and Internet interconnection in Africa,” said Raza Hasnani, Executive Director of Infrastructure Investments at Africa50. “PEACE’s current and future data centers will have a significant multiplier effect in many African economies, as they enable greater access to information, innovation and knowledge, at reduced data costs. for greater productivity,” he added. “Despite the well-known benefits of increasing data center colocation capacity, the African colocation market is still underserved for a continent with more than 1.3 billion people and whose total data center capacity data centers is only about 300 MW, which is roughly equivalent to the capacity of a single European Internet hub such as Paris. Through this investment, we want to contribute to the improvement of digital infrastructure to support better connectivity and lower internet and data costs for the benefit of African populations,” concluded Mr. Hasnani.
PAIX Data Centers benefited from the services of Bravura Capital, its financial advisor, and Van Doorne, its legal advisor, for this transaction. Africa50 was advised by Allen & Overy.
