• Funding will support fiber, data centers, and international connectivity
• Proparco contributes $15 million as part of the financing package
• Investment targets rising demand for bandwidth and digital services

Pan-African digital infrastructure provider WIOCC has secured an additional $65 million in financing to accelerate the expansion of its connectivity networks across Africa. The announcement was made in a press release published on December 15 by Proparco, a subsidiary of the French Development Agency (AFD) and one of the investors in the deal.

According to the statement, Proparco is supporting WIOCC with a $15 million loan as part of the broader $65 million financing package.

The transaction was structured with the support of a consortium of development finance institutions, including Proparco, the International Finance Corporation (IFC), Emerging Africa Infrastructure and Asia Infrastructure Fund (EAAIF), and asset manager Ninety One.

The funds will be used to finance WIOCC’s deployment and reinforcement of fiber optic networks, international connectivity capacity, and open-access data centers across the continent.

The investment is expected to help the company meet rising demand for bandwidth and reliable digital services in Africa, driven by the growth of cloud computing, digital financial services, e-commerce, and technology platforms.

By relying on a shared infrastructure model, WIOCC enables multiple telecom operators, internet service providers, and digital players to access high-capacity networks while limiting upfront investment costs.

Adoni Conrad Quenum