Rack Centre Earmarks $100m to Expand Operations

Rack Centre has announced plan to invest $100 million in an expansion programme that will increase capacity at its Lagos campus. This will be in addition to the current expansion already underway to double existing capacity to 1.5MW and 1,200 square metres of white space in early 2021.
 
Managing Director, Rack Centre, Dr. Ayotunde Coker, said the expansion would bring unprecedented carrier neutral scale to West Africa, which is in response to increasing demand for data centre space from cloud uptake, telecommunication investment and outsourcing of IT facilities by enterprises in the region.
 
In March 2020, Actis, a London private equity firm, announced an investment in Rack Centre, taking a controlling stake in the business alongside Jagal. The funding for the expansion programme will come from a $250 million pan-African data centre platform established by Actis and Convergence Partners, a leading ICT infrastructure investor in Africa…
 
More details through:
https://www.thisdaylive.com/index.php/2020/09/03/rack-centre-earmarks-100m-to-expand-operations/