Africa50 completes a growth equity investment in PAIX Data Centres

Africa50 has just completed an equity investment of $20m into PAIX Data Centres, forming the first tranche of PAIX’s Series B financing by Africa 50. The funds will be used to expand PAIX’s data centre capacity and its growth plans into new African markets.

PAIX currently operates one data centre in Accra and one in Nairobi. Africa50 is the company’s first institutional investor and will be supporting the company’s expansion of its world class cloud-and-carrier-neutral data centres across the continent.

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Africa’s petroleum retail sector to undergo more M&A activity

As Africa’s petroleum retailers seek to achieve better economies of scale, the sector will continue to experience mergers and acquisitions (M&A) activity in coming years, according to a new study by pan-African investment research agency Hawilti. Challenging operating and regulatory environments in Africa have already led to the exit of most major international oil marketing […]

AXIAN Telecom makes successful debut on debt capital markets

AXIAN Telecom, the pan-African provider of telecommunications, mobile money services and digital infrastructure, has successfully priced its $420m senior notes due in 2027. The company raised capital to finance the repayment of some of its existing debt and support its overall growth across the continent. Since 2004, AXIAN Telecom has expanded into Tanzania, Madagascar, Togo, […]