Teraco grabs one of Africa’s highest EVER level of funding to build the continent’s largest data centre footprint
With a 125,400 sqf colocation portfolio, the provider is planning for large expansion ahead of topping 50 MW of power.
One of Africa’s largest data centre operators has secured 1.2bn rand ($91m as of March 14) from Barclays Africa Group with the intent to invest further in expanding the colocation footprint in the continent.
According to Bloomberg, the cash will be used to help finish the construction of Teraco’s new large data centre in Isando, Johannesburg.
Once operational by the end of 2017, the data centre will transport Teraco’s total power input to 50 MW. The hub has been designed to boast a power capacity of 24 MW.
Teraco chief financial officer Jan Hnizdo said: “[Barclays Africa] understands our unique business model and the associated infrastructure funding requirements and timelines.
“The new site will be the largest commercial data centre in Africa.’’
The data centre was announced in November 2016. At the time, CEO Lex van Wyk, said: “Teraco will be comparable to global data centres and by a large margin, Africa’s biggest data centre provider.
“The new data centre facility will be situated in Bredell, we are excited to be part of the development of the area and to be able to meet the demands of our local and global clients.”
Teraco has a current operation footprint of 125,400 sqf of colocation space across four data centres.
The company has in recent months seen an exponential increase in demand for network and storage services.
In February, for example, Angola Cables signed into NAPAfrica, collocated at Teraco’s data centres, to expand its content delivery network capabilities across the country and Africa as a whole.
NAPAfrica is Africa’s largest Internet Exchange Point (IXP), with over 240 connected networks and 140Gbps peering traffic.
The IXP is colocated within all Teraco data centre facilities, providing peering across sub-Saharan Africa from Johannesburg, Durban and Cape Town where the provider has facilities.