In a further boost for the African Data Centres sector, African Investment Infrastructure Managers (AIIM), has announced its $90 million investment into Moroccan data centre operator, N+One Datacenters. The investment will be made through AIIM’s African Infrastructure Investment Fund 4 which provides funding targeted at digital infrastructure, energy transition and mobility, and logistics across sub-Saharan Africa.

Through this investment, N+One Data Centers in collaboration with AIIM will deliver a Pan-African data centre and cloud services platform with a short-term capacity of 40MW. It also enables N+One Datacentres to develop new hyperscale locations in Morocco and Senegal while expanding its existing campuses. 

The African Infrastructure Investment Fund 4 (AIIF 4) is AIIM’s fourth SSA mid-cap infrastructure vehicle currently undergoing fundraising with a target of $500 Million. The fund has invested in Eastcastle and The Logistics Group schemes targeting digital infrastructure and logistics across Africa. AIIM boasts an impressive array of portfolio companies that have benefited from the various funds they offer including:

• Starsight delivering sustainable solar power in Nigeria
• Tema LNG supplying natural gas in Ghana
• BBOXX  implementing solutions to provide affordable and clean energy in Rwanda, Kenya and the Democratic Republic of Congo (DRC)

This recent investment in N+One Data Centers will be their first in Morocco, increasing their operations to 19 African countries, with South Africa boasting the highest volume of portfolio companies.

 

The Data Centre Sector is Regarded As the Most Promising Real Estate Sector in Africa

According to a survey conducted by Turner and Townsend, future real estate investment is most promising in the technology space with Data Centers regarded as the top-performing sector in 2023. So far, this statement has been backed by the spate of investments the African sector has amassed this year. These investments are only guaranteed to climb with the continued adoption of digital technologies and growing demand for data centres as the continent becomes progressively digitised. Read more about previous investments in the African data centres space this year here.