A fund managed by African Infrastructure Investment Managers (AIIM) is investing $90m (鈧�82m) in data centres via a newly created partnership with N+ONE DATACENTERS.
AIIM鈥檚 African Infrastructure Investment Fund 4 (AIIF4) and African data centre owner and operator N+ONE have set up a venture with a short-term plan to develop 40MW of data centre facilities across the continent.
AIIF4 will contribute an initial $90m of equity capital to the venture alongside N+ONE which will contribute its existing portfolio of digital infrastructure assets and products in Morocco. AIIM said AIIF4鈥檚 capital will support the roll-out of the platform and construction of greenfield data centre infrastructure across West Africa.
The partnership paves the way for N+ONE to expand its existing campuses in Morocco and Senegal while developing new hyperscale locations in response to customer demand, AIIM added.
Amine Kandil, founder and CEO of N+ONE, said: 鈥淥ur vision is to deliver regionally interconnected hyper-scale data centres, built and operated to the highest industry standards. This launch represents a significant step toward realising that vision.鈥�
Moritz Breickmann, an investment director at AIIM, said: 鈥淲ith this partnership, we are seeking to replicate N+ONE鈥檚 success in new markets by building a pan-African data centre platform that provides customers with trusted solutions across several countries and addresses the increasing demand for data storage and processing on the continent.鈥�
The investment is the sixth commitment made by AIIF4, a fund that targets growth infrastructure opportunities within the digital infrastructure, energy transition and mobility and logistics space.
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