A fund managed by African Infrastructure Investment Managers (AIIM) is investing $90m (€82m) in data centres via a newly created partnership with N+ONE DATACENTERS.

AIIM’s African Infrastructure Investment Fund 4 (AIIF4) and African data centre owner and operator N+ONE have set up a venture with a short-term plan to develop 40MW of data centre facilities across the continent.

AIIF4 will contribute an initial $90m of equity capital to the venture alongside N+ONE which will contribute its existing portfolio of digital infrastructure assets and products in Morocco. AIIM said AIIF4’s capital will support the roll-out of the platform and construction of greenfield data centre infrastructure across West Africa.

The partnership paves the way for N+ONE to expand its existing campuses in Morocco and Senegal while developing new hyperscale locations in response to customer demand, AIIM added.

Amine Kandil, founder and CEO of N+ONE, said: “Our vision is to deliver regionally interconnected hyper-scale data centres, built and operated to the highest industry standards. This launch represents a significant step toward realising that vision.”

Moritz Breickmann, an investment director at AIIM, said: “With this partnership, we are seeking to replicate N+ONE’s success in new markets by building a pan-African data centre platform that provides customers with trusted solutions across several countries and addresses the increasing demand for data storage and processing on the continent.”

The investment is the sixth commitment made by AIIF4, a fund that targets growth infrastructure opportunities within the digital infrastructure, energy transition and mobility and logistics space.

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