AFC, Firm to Invest $300M in WIOCC Group for Infrastructure Expansion Across Africa
Stories by Emma Okonji WIOCC Group, Africa’s leading carrier-neutral digital infrastructure platform, has signed a Shareholder Subscription Agreement (SSA) with Africa Finance Corporation (AFC) and Vision International Investment Company (Vision
Africa's leading carrier-neutral digital infrastructure platform, WIOCC Group, has secured a $300 million investment from Africa Finance Corporation (AFC) and Vision International Investment Company (Vision Invest). The agreement, signed at the LEAP 2026 Global Technology exhibition in Riyadh, marks a major milestone in the company's growth journey.
AFC President and Chief Executive Officer, Samaila Zubairu, emphasized the importance of a connected, competitive Africa equipped to create value from the digital economy. He stated that investments in fibre, data centres, and subsea cables are now essential infrastructure for growth, innovation, and AI.
WIOCC Group CEO, Chris Wood, highlighted Africa's unique position to capitalize on global digital growth. With increasing demand for cloud, AI, and digital services, robust and scalable infrastructure will be crucial in unlocking the continent's potential. The investment will enable WIOCC to accelerate data centre deployment and consolidation, expand the open-access terrestrial fibre footprint, and strategically invest in new subsea assets.
Vision Invest President and Chief Executive Officer, Omar N. Al-Midani, expressed pride in partnering with AFC and existing shareholders as WIOCC Group enters its next phase of growth. The $300 million investment will support the company's mission to build and operate open-access, critical infrastructure across Africa, strengthening digital ecosystems that underpin Africa's economic transformation.
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