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As it expands to take advantage of a shortfall in cloud storage capacity on the continent.
By Loni Prinsloo and Roxanne Henderson, Bloomberg
4 Mar 2021 17:09
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Image: Waldo Swiegers/Bloomberg
Old Mutual Ltd.âs private equity unit acquired a stake in a second data center in sub-Saharan Africa as it expands to take advantage of a shortfall in cloud storage capacity on the continent.
The investment, through its African Infrastructure Investment Managers fund, in conjunction with Onix Data Centres Ltd.âs management team, will ramp up the size of the Ghanaian facility into the largest in the West African country. It will be renamed Onix Accra 1, with connectivity provided by Vodafone Group Ltd., Comsys Holdings Corp and CSquared Innovations Inc, the company said in a statement.
Old Mutual bets on Africa data centre growth with Ghana deal
Old Mutual’s private equity unit has acquired a stake in a second data centre in sub-Saharan Africa as it expands to take advantage of a shortfall in cloud storage capacity on the continent.
The investment, through its African Infrastructure Investment Managers fund, in conjunction with Onix Data Centres’ management team, will ramp up the size of the Ghanaian facility into the largest in the West African country. It will be renamed Onix Accra 1, with connectivity provided by Vodafone Group, Comsys Holdings and CSquared Innovations, the company said in a statement.
Old Mutual bets on data centre growth with Ghana deal
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