US-based Digital Realty Trust has acquired a majority stake in Africa’s largest data-center operator at $3.5 billion valuation.
US-based Digital Realty Trust has acquired a majority stake in Africa’s largest data-center operator at $3.5 billion valuation.
Also, mPharama raises $35 million in Series D round, South Africa’s Invicta Holdings acquires KMP Holdings Limited for $16.9 million, Mozambique's Pemba-Lichinga Integrated receives a $47.09million grant from AfDB.
Dear Africa Finance Review Readers,
Welcome to 2022!, our goal this year is to be your primary source for all Africa-focused financial and business news on events, emerging industries, happenings, and triumphs to enable you to gain a complete understanding of the business of Africa terrain and make better-informed decisions.
Subscribe to be notified of each edition.
Africa’s largest data-center operator acquired
US-based Digital Realty Trust Inc has acquired a majority stake in Africa’s largest data-center operator Terraco Data Environment Pty from Permira and Berkshire Partners in a deal that values Terraco at about $3.5 billion.
Why is this important? Africa’s data industry is growing at a fast pace with increased demand for cloud services and data infrastructure from customers and businesses. Recent activities such as Huawei’s plans to build data centers across Africa to Equinix's recent plans to acquire MainOne West Africa data center and connectivity provider for $320 million reflect the growth opportunities in Africa.
Venture Capital Deals:
Nigerian Credit management fintech Bfree has raised $1.7 million in a pre-Series A round to fund its global expansion and access opportunities in emerging markets.
Ghanaian-based startup mPharama a go-to-healthcare service provider has raised $35 million in a Series D round to build the required infrastructure to increase its network of pharmacies across the continent.
M & A Activities:
Zimbabwe-based horticultural giant Ariston Holdings Limited has sold 50% of shares in Claremont Orchards Holdings for $2million to the Netherlands registered Tuinbouw Zonder
South Africa’s Invicta Holdings has acquired KMP Holdings Limited a leading independent supplier of aftermarket heavy-duty diesel engine parts for industrial and agricultural machinery for $16.9 million
Fundraising Events:
Africa Development Bank’s Sustainable Energy Fund for Africa (SEFA) has approved a $1million grant to facilitate the Government of Botswana’s transition to clear energy.
The African Development Bank Group has approved a $47.09 million grant for Mozambique’s Pemba-Lichinga Integrated Development Corridor a Special Agro-industrial Processing Zone.
Côte d’Ivoire Fin’ELLE a microfinance institution specialising in financing female entrepreneurs and MSMEs has received backing for $1.69 million from EDFI ElectriFI to increase renewable energy, energy access, and energy efficiency in Côte d’Ivoire.
Thanks for reading the Africa Finance Review. Please send us any feedback, news, or suggestions to info@africafinancereview.com. Please ask your friends and colleagues to subscribe.