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Africa’s Largest Data-Center Firm Plans $73 Million Investment

By Tony Seruga

Teraco increases debt facilities to 1.8 billion rand from ABSA
Cash will help boost capacity of Johannesburgh data center

Teraco Data Environments Pty Ltd. plans to invest about 1 billion rand ($73 million) as Africa’s largest data-center operator expands infrastructure to meet rising demand.

The closely-held business will have spent 4.5 billion rand on building data-services centers in South Africa when the current investment cycle ends in 2019, Chief Financial Officer Jan Hnizdo said in an interview Tuesday. Funding has come from a debt facility provided by Barclays Africa Group Ltd., also known as Absa, which is lending as much as 1.8 billion rand…

Africa’s Largest Data-Center Firm Plans $73 Million Investment

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