Actis, an investor of private capital into global emerging markets, has announced that it has acquired a majority stake in Rack Centre, a Nigerian provider of data centre colocation and cloud services.
Actis has said that its decision to invest was taken after a detailed assessment of the players in the African market and that it selected Rack Centre as the provider with the most significant potential to grow and expand in Africa.
Rack Centre was established by Jagal, a Nigerian conglomerate holding that operates leading energy businesses and manages a diverse portfolio of investments.
Rack Centre began operations in Lagos in 2013. It was the first provider on the continent to be Tier III Constructed Facility Certified in April 2017 and has the largest installed capacity in West Africa with a range of over 80 blue-chip international, multinational and local clients.
In addition, with over 35 carriers, internet service providers and mobile network operators present, and hosting the Internet Exchange Point of Nigeria, Rack Centre describes itself as the most connected, carrier neutral, Tier III-certified data centre in sub-Saharan Africa, with every country on the Atlantic coast of Africa directly connected.
Dr Ayotunde Coker, Rack Centre MD, noted that Rack Centre is now at a key juncture and, with over 750kW of installed capacity, it is now doubling capacity to 1.5MW of IT power at the current location on the way to 10MW.
There has been increasing interest in African data centres and infrastructure recently, mainly focused on South Africa. In 2019, Berkshire Partners announced plans to take a majority stake in Teraco, the leading South African operator. Also last year Microsoft opened cloud data centres in Johannesburg and Cape Town, and AWS plans to open in the country this year.