Actis, a leading investor of private capital into global emerging markets announced it has acquired a majority stake in Rack Centre, a Nigerian provider of data centre colocation and cloud services. In a statement, Actis said described Rack Centre as a company that has significant potential to grow and expand in Africa.
Rack Centre commenced operations in Lagos in 2013. In April 2017, it became a Tier III Constructed Facility Certified and it said it over 80 clients.
David Morley, Head of Real Estate at Actis, said: “We have been tracking the data centre market in Africa closely, building relationships with key operators and customers. Africa is at an inflection point and we expect to see an explosion in growth of demand for hosting capacity in independently owned data centres across the continent.
“We are excited about this new partnership with Rack Centre and its parent company Jagal. Together they have built a strong business of international repute, hosting a compelling mix of customers ranging from leading Nigerian corporates to global cloud majors.”
Maher Jarmakani, CEO of Jagal, owners of Rack Centre added: “Jagal is excited with its new partnership with Actis. Rack Centre has developed into a leading and respected African brand and it is now at a critical stage for investment and growth. Actis understands global and emerging markets and will be a fantastic partner for the next phase of the Rack Centre journey.”
Dr Ayotunde Coker, Rack Centre MD, said with over 750kW of installed capacity, Rack Centre is now doubling capacity to 1.5MW of IT power at the current location on a trajectory to 10MW.
