WIOCC secures $300m for Africa’s digital infrastructure expansion
WIOCC Group secures $300m from Africa Finance Corporation and Vision International to expand Africa’s digital infrastructure, boosting connectivity and dat Read More: https://punchng.com/wiocc-secures-300m-for-africas-digital-infrastructure-expansion/
The WIOCC Group, a digital infrastructure platform specializing in Africa, has secured a combined investment of $300 million from Africa Finance Corporation and Vision International Investment Company. The agreement, signed at the LEAP 2026 Global Technology exhibition in Riyadh, Saudi Arabia, will bolster WIOCC's long-term expansion strategy.
The funds will be used to deploy and consolidate data centers, expand the open-access terrestrial fiber network, and invest in new subsea cable assets. WIOCC operates in over 30 African countries, providing connectivity infrastructure for businesses and digital service providers. The investment aligns with the rising demand for cloud computing, artificial intelligence, and other digital services across the continent.
Despite this growth, Africa still faces a significant infrastructure and connectivity gap, with only 35.7% of its population using the internet, compared to the global average of 73.6%. The investment is seen as crucial for the development of a connected, competitive Africa equipped to create value from the digital economy.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
