IXAfrica has closed a multi-tranche financing package with Rand Merchant Bank (RMB), a division of FirstRand Limited, to fund its next growth phase. Withnthius funding, IXAfrica will be able to deliver an additional 20 megawatts (MW) of IT power capacity at its Nairobi data centre campus.
The financing builds on the initial 2.25MW already in service. According to the company, the expansion will position its Nairobi campus to attract more hyperscale cloud providers and artificial intelligence (AI) workloads.
“Closing this financing with RMB secures our next phase of growth and positions us to welcome more hyperscale and AI customers,” said Guy Willner, Chairman of IXAfrica. “We remain committed to expanding our East African footprint and deepening our investment in Kenya.”
RMB, which structured a customised financing solution for the deal, highlighted the transaction as part of its commitment to digital infrastructure across the continent. “This transaction reflects RMB’s commitment to supporting scalable, high-impact digital infrastructure across Africa,” said Corrie Cronje, Senior Transactor at RMB.
The African data centre market is projected to grow at a compound annual growth rate (CAGR) of over 12% between 2024 and 2030, driven by rising internet penetration and cloud adoption. Global hyperscalers such as Microsoft, Amazon Web Services, and Google have already invested heavily in Africa. Kenya is attractiuve to data centres because of its stable regulatory environment, submarine cable connectivity and regional importance.
As AI adoption accelerates across sectors such as finance, logistics, and agriculture, having capable local data centre capacity will be needed to support innovation and compliance with data sovereignty requirements.
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