AFC and Vision Invest to put $300 million into WIOCC’s African infrastructure expansion

WIOCC Group has secured a combined $300 million investment from Africa Finance Corporation and Vision International Investment Company to expand digital infrastructure across Africa.

The investors signed a Shareholder Subscription Agreement with WIOCC at the LEAP 2026 Global Technology exhibition in Riyadh. The deal is intended to support WIOCC’s long-term plan to build and operate open-access infrastructure across the continent.

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The Africa we build must be connected, competitive and equipped to create value from the digital economy, not only consume it. Just as transport corridors enable trade and energy networks power industry, fibre, data centres and subsea cables are now essential infrastructure for growth, innovation and AI. Our investment in WIOCC will expand the open-access digital backbone African businesses and communities need to integrate, innovate and compete globally.

AFC President and Chief Executive Officer Samaila Zubairu said Africa needs digital networks that can support competition and value creation. “The Africa we build must be connected, competitive and equipped to create value from the digital economy, not only consume it,” he said.

Zubairu compared fibre networks, data centres and subsea cables with transport corridors and energy networks, saying the investment would expand the open-access digital backbone used by African businesses and communities.

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Africa is uniquely positioned to capitalise on the next phase of global digital growth. As demand for cloud, AI and digital services accelerates, robust and scalable infrastructure will be essential to unlocking the continent’s potential. This investment enables WIOCC to execute its long-term growth strategy by accelerating data centre deployment and consolidation, expanding the continent’s open-access terrestrial fibre footprint and investing strategically in new subsea assets.

WIOCC Group Chief Executive Officer Chris Wood said the funding would accelerate data-centre deployment and consolidation, extend the company’s open-access terrestrial fibre footprint and support strategic investment in new subsea assets. He said demand for cloud computing, artificial intelligence and digital services was increasing.

Vision Invest President and CEO Omar N. Al-Midani said the company was proud to partner with AFC, WIOCC and its existing shareholders as WIOCC entered its next phase of growth.

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WIOCC Group has built one of Africa’s leading digital infrastructure platforms, and we are proud to partner together with AFC and WIOCC’s existing shareholders as the company enters its next phase of growth.