• Wingu Africa raised $60 million from South Africa’s Rand Merchant Bank

• Funds will expand data infrastructure in Djibouti, Ethiopia, and Tanzania

• Project aims to improve connectivity and support East Africa’s digital growth

Wingu Africa, a neutral data center operator in East Africa, has secured $60 million in funding from Rand Merchant Bank (RMB), a South African financial services holding company. The investment will support the deployment of digital infrastructure—such as data centers and submarine cables—in Djibouti, Ethiopia, and Tanzania.

The initiative aims to enhance internet access and reduce latency across the region. ““This is not just an investment in infrastructure, it’s an investment in Africa’s digital independence. We’re expanding the capacity that will empower innovation, accelerate economic growth, and connect Africa to the future,” said Anthony Voscarides, CEO of Wingu Group.

The funding comes as Africa undergoes a rapid digital transformation. Rising demand for secure and interconnected services is driving companies to invest heavily in infrastructure. By expanding connectivity and data processing capacity, Wingu Africa strengthens East Africa’s digital sovereignty and integration into the global digital economy.

This financing may also encourage additional investment in the sector. However, the extent of government support through inclusive digital policies remains uncertain.