$300M Investment in WIOCC Group to Boost African Infrastructure

WIOCC Group, a leading carrier-neutral digital infrastructure platform in Africa, has entered into a Shareholder Subscription Agreement (SSA) with Africa Finance Corporation (AFC) and Vision International Investment Company (Vision Invest) for a combined investment of $300 million. This agreement was signed during the LEAP 2026 Global Technology exhibition in Riyadh.

The investment aims to support WIOCC Group's mission to develop and operate open-access infrastructure across Africa, enhancing the continent's digital ecosystem. Samaila Zubairu, President/CEO of AFC, emphasized the importance of connectivity and digital infrastructure for Africa's economic growth.

Chris Wood, Group CEO of WIOCC Group, noted that the investment will facilitate the deployment of data centers and expand the terrestrial fibre footprint. Omar N.

Al-Midani, President/CEO of Vision Invest, expressed pride in partnering with AFC and WIOCC as the company embarks on its next growth phase.