WIOCC Group secures $300 million to expand African digital infrastructure

WIOCC Group has secured a combined US$300 million investment from the Africa Finance Corporation (AFC) and Saudi Arabia’s Vision International Investment Company to expand digital infrastructure across Africa. The Shareholder Subscription Agreement was signed at the LEAP 2026 Global Technology exhibition in Riyadh.

The capital will be used to accelerate data center deployment and consolidation, expand the company’s terrestrial fiber network, and invest in new subsea cable assets. This expansion aims to meet rising demand for cloud computing, artificial intelligence, and digital services on the continent.

WIOCC currently operates in more than 30 African countries, providing open-access connectivity to telecommunications operators and enterprises. The investment comes as internet adoption in Africa remains significantly lower than the global average, with the International Telecommunication Union reporting that only 35.7% of Africa’s population used the internet in 2025.