IX Africa Data Centre Limited (iXAfrica) has secured a landmark multi-tranche funding package from Rand Merchant Bank (RMB), a division of FirstRand Limited, to fuel the next phase of its ambitious growth in East Africa.
The financing will enable iXAfrica to expand its Nairobi data centre campus by adding 20 MW of IT power, addressing the region’s surging demand for digital infrastructure.
Building on the success of its initial 2.25 MW phase already in operation, iXAfrica’s expansion will enhance its capacity to serve hyperscale and AI customers, solidifying its position as a key player in Africa’s digital ecosystem. The tailored funding solution from RMB marks the start of a strategic partnership focused on fostering high-impact projects across the continent.
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Guy Willner, Chairman of iXAfrica, expressed enthusiasm about the deal, stating, “Our bold plans are coming to fruition, and this financing from RMB secures our next growth phase. It positions us to welcome more hyperscale and AI clients while deepening our investment in Kenya and expanding our East African footprint.”
Corrie Cronje, Senior Transactor at RMB, emphasized the bank’s commitment to scalable digital infrastructure, saying, “This transaction underscores RMB’s dedication to partnering with high-quality clients to drive impactful solutions across Africa.”
