SA data-centre firm raises R1.2bn for African expansion

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Barclays headquarters in London. (iStock)
Barclays headquarters in London. (iStock)

Johannesburg - Teraco Data Environments, which says it is the largest provider of data-centre services in Africa, said it raised R1.2bn ($90m) from South African lender Barclays Africa Group [JSE:BGA] to invest in information-technology infrastructure on the continent.

The closely held business will use some of the cash to complete the construction of a new data centre in eastern Johannesburg by the end of year, according to a statement e-mailed by the company on Tuesday.

Barclays Africa “understands our unique business model and the associated infrastructure funding requirements and timelines,’’ chief financial officer Jan Hnizdo said.

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