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Teraco gets R2.5 billion to build the biggest data centre in Africa
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Teraco has secured R2.5 billion in financing for the construction of its new 38MW data centre in Ekurhuleni, South Africa.
The facility is called JB4 and will be the largest data centre in Africa once it is built.
The company said these funds will be used together with its own money to finance the building of the facility.
“Teraco will use the funds raised together with internally generated cash to finance the build,” Teraco said.
“The new transaction cements Teraco’s commitment to continuing investment in the region’s digital infrastructure and expanding Africa’s largest data centre platform.”