IXAfrica secures funding with RMB for new growth phase

IXAfrica Data Centre Limited ("iXAfrica") alongside Rand Merchant Bank ("RMB"), a division of FirstRand Limited, have announced the closure of a significant multi-tranche funding package designed to empower the next growth phase of iXAfrica. This strategic financial partnership aims to bolster digital infrastructure in East Africa, addressing regional demands for increased data capacity.

The funding ensures that iXAfrica can accelerate their growth by facilitating the construction of an additional 20 megawatts of IT power at their flagship Nairobi data centre campus. This expansion builds upon the initial phase of 2.25 megawatts already operational, setting the stage for further development.

RMB has pioneered this financial solution, signalling the start of an innovative alliance that underscores the bank's dedication to aligning with high-quality clients across the continent.

Guy Willner, Chairman of iXAfrica, said, " Our company has bold plans, and we've been consistently delivering on them. Closing this financing with RMB secures our next phase of growth and positions us to welcome more hyperscale and AI customers. We remain committed to expanding our East African footprint and deepening our investment in Kenya".

Corrie Cronje, Senior Transactor at RMB, reflected on the broader implications, noting that the partnership exemplifies RMB's dedication to fostering scalable, impactful digital infrastructures across Africa. Such frameworks are seen as vital for facilitating economic growth in the digital age.

Through strategic investments like these, both companies are set to play a pivotal role in shaping Africa's digital landscape, paving the way for a future where technology and infrastructure drive meaningful change.