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Africa's Largest Data-Center Firm Raises $91 Million for Growth

  • Teraco secures 1.2 billion rand funding from Barclays Africa
  • Cash will help complete construction of Johannesburg center
Rows of colored high end data cables are seen feeding into racks of computer servers inside a comms room at an office in London, U.K., on Tuesday, Dec. 23, 2014.
Photographer: Simon Dawson/Bloomberg

Teraco Data Environments, which says it is the largest provider of data-center services in Africa, said it raised 1.2 billion rand ($90 million) from South African lender Barclays Africa Group Ltd. to invest in information-technology infrastructure on the continent.

The closely held business will use some of the cash to complete the construction of a new data center in eastern Johannesburg by the end of year, according to a statement e-mailed by the company on Tuesday.