American capital investment Berkshire Partners has bought part of London group Permira Holdings’ shares in Teraco Data Environments, the largest data centre in Africa, Bloomberg reported on January 24, 2019.
With this acquisition whose amount has not been disclosed, Berkshire Partners becomes the main shareholder of the South African firm that operates data centres in Johannesburg, Cape Town and Durban.
“Berkshire Partners is a committed long-term partner that will assist us with future growth plans and additional investment”, said Jan Hnizdo (photo), Teraco’s managing director.
He further added that Teraco was planning to double its installed capacity to 60 megawatts in the coming four to five years.
Teraco Data Environments offers its services to reputed groups such as Amazon Web Services and China Telecom Global.
The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...
By linking ECOWAS countries, the project enhances regional digital infrastructure, which is crucial ...
As digital technologies reshape Africa's job market, digital skills are becoming crucial for youth i...
Non-bank institutional investors, though still a minority, are increasing their presence in the West...
Highlights: • $20 billion in investment pledged by Chinese firms for agriculture, mining, auto...
• Belgian investor Victoria Equity injected $6.2M loan, proposing share conversion that would dilute State control.• Minister Bussa urges matching...
• African Gold began a 40,000m drilling program at Didievi in Côte d’Ivoire, running through 2026.• Backed by Montage Gold’s \M investment, it targets...
• Ghana has terminated Rocksure International’s lease for the Nyinahin bauxite deposit, Reuters reported on July 28.• The $1.2B project with GIADEC...
What seemed like a routine administrative matter has drawn Madagascar into an international controversy. Five Boeing 777 aircraft, briefly registered with...
Garamba National Park, located in the northeastern Democratic Republic of Congo, is one of Africa’s oldest and most iconic protected areas. Established in...
Perched in the rugged heights of the Djebel Nefoussa in northwestern Libya, Qasr Al Haji (also spelled Ghasr Al-Hajj) is a striking example of traditional...