Investing in Africa’s Digital Transformation Journey Absa | Corporate and Investment Banking > Insights and Events > Investing in Africa’s Digital Transformation Journey SHARE We are pleased to have acted as sole Mandated Lead Arranger, Bookrunner, Facility Agent and Coordinator for ZAR 8bn of expansion capital facilities for Teraco. Teraco Data Environments (Pty) Ltd, a subsidiary of Digital Realty Trust Inc, is Africa’s leading carrier-neutral colocation data service infrastructure provider, and the first to deliver highly resilient vendor-neutral data environments in Sub-Saharan Africa. With world-class data centre infrastructure and robust network ecosystems, Teraco forms a vital part of Africa’s technological framework. The ZAR 6.7bn Capital Expenditure and ZAR 1.3bn Green Energy Facility is one of the landmark transactions for the financial year 2024, following a ZAR 12bn refinancing and upsize transaction concluded in 2022. This financing will allow Teraco to expand its reach, facilitating digital transformation throughout Southern Africa. The green loan will support Teraco’s environmental objectives and will enable investment into renewable energy generation and the adoption of energy-efficient technologies, which will significantly lower the company’s carbon footprint. Our enduring partnership with Teraco has enabled us to take a leading role in structuring and arranging this deal, and by combining our in-depth industry knowledge, experience with complex financial structures, and close partnership with the client, our team was able to effectively structure and deliver the required funding. Contact Jason Abt for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Empowering African Aviation to Soar Higher Absa Corporate Investment Banking enables strategic fleet reintegration and regional expansion for AELF and SAA with a USD 31 million aircraft refinancing solution. Read more DEALS Energising Progress with Africa’s Largest Standalone Battery Facility We are proud to have played a pivotal role in one of Africa’s most significant energy milestones: the Red Sands Battery Energy Storage Project which is set to become the continent’s largest standalone battery energy storage facility to date to move towards construction. Read more DEALS Supporting expansion in SA’s healthcare property market Absa CIB partners with Growthpoint Healthcare Property Holdings on a R950 million facility to finance healthcare infrastructure. Read more