WIOCC Group, a leading provider of high-capacity connectivity solutions, has secured a substantial funding package of over $50 million from a consortium of international financial institutions. This significant investment will enable WIOCC to expand its operations across key African markets, including Nigeria, South Africa, and the Democratic Republic of the Congo, thereby bridging the digital divide and fostering economic growth.
The funding round includes contributions from prominent institutions such as the International Finance Corporation (IFC), Proparco, and RMB Corvest. This strategic investment will be utilized to expand WIOCC’s data center infrastructure, enhance its fiber networks, and provide increased access to reliable and affordable connectivity for businesses and communities across the continent.
WIOCC’s commitment to sustainability is reflected in the structure of the funding, which is linked to the company’s environmental, social, and governance (ESG) performance. By incorporating sustainability-linked debt, the financing incentivizes WIOCC to prioritize energy efficiency and achieve EDGE green building certification for its data centers, minimizing its environmental impact.
This investment aligns with WIOCC’s long-term vision to provide open-access digital infrastructure solutions that empower businesses, drive economic growth, and foster social development across the African continent. Since its inception, WIOCC has played a crucial role in expanding connectivity across Africa, investing heavily in critical infrastructure such as submarine cables and terrestrial fiber networks.
