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2 clusters · 11 sources · 3 days · First seen · Last updated

WIOCC Group African digital infrastructure expansion

Overview

WIOCC Group has secured a combined $300 million investment from the Africa Finance Corporation (AFC) and Saudi Arabia’s Vision International Investment Company to expand digital infrastructure across Africa.

The agreement, signed at the LEAP 2026 Global Technology exhibition in Riyadh, will fund the deployment and consolidation of data centers, the expansion of terrestrial fiber networks, and investments in subsea cable assets. These efforts aim to meet increasing demand for artificial intelligence, cloud computing, and digital services.

As of 2025, internet usage in Africa was reported at approximately 35.7%, significantly below the global average of 73.6%. Samaila Zubairu, President and CEO of AFC, noted that digital infrastructure has become as critical to economic development as energy and transport networks.

Entities

WIOCC Group · Vision International Investment Company · Samaila Zubairu · Africa Finance Corporation · Chris Wood

Timeline

  1. 8 days ago

    [BUSINESS] 2 sources
    WIOCC Group secures $300 million for African digital infrastructure

    WIOCC Group secured $300 million from Africa Finance Corporation and Vision International Investment Company to expand digital infrastructure, data centers, and fiber networks across Africa.

  2. 10 days ago

    [BUSINESS] 9 sources
    WIOCC Group secures $300 million to expand African digital infrastructure

    WIOCC Group has secured $300 million from Africa Finance Corporation and Vision Invest to expand its fiber, data center, and subsea cable infrastructure across more than 30 African countries.

Sources

biometricupdate.com · businesstechafrica.co.za · cioafrica.co · efficacynews.africa · pulse2.com · punchng.com · techafricanews.com · techarena.co.ke · techcentral.co.za · techmoran.com · thisdaylive.com