fund "Africa 50" Investing $15 million in"Raya"
The “Africa 50” Fund announced The pan-African infrastructure investor and asset manager, today announced a $15 million investment in Raya Data Center (RDC). This was stated in a statement by the “Africa 50 Fund” and added that the investment, which is subject to regulatory approvals, will enhance RDC’s current operations and finance the development of a third-tier data center in Egypt, driving the digital economy and startup ecosystem in the country. The data center industry in Egypt requires significant investments, driven by high demand amid the country’s growing digital economy and Internet use.
Since its founding in 2012, RDC has gained a strong reputation as a reliable provider. For shared storage and cloud services to local and international corporate clients. RDC, wholly owned by Raya Holding for Financial Investment listed on the Egyptian Stock Exchange (Raya Holding), currently operates two tertiary data centers in Cairo. The new financing not only allows RDC to expand its capacity sustainably, but also provides an opportunity for the company to leverage Africa50’s data center expertise and networks across the continent.
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