--- title: Wiocc lands $300-million from Saudi and African backers description: Wiocc Group has signed a $300-million shareholder subscription agreement with the Africa Finance Corporation and Saudi Arabia's Vision Invest, the largest... canonical: https://daily.dev/posts/wiocc-lands-300-million-from-saudi-and-african-backers-dkbew90g2 twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Wiocc lands $300-million from Saudi and African backers | daily.dev og:description: Wiocc Group has signed a $300-million shareholder subscription agreement with the Africa Finance Corporation and Saudi Arabia's Vision Invest, the largest... og:url: https://daily.dev/posts/wiocc-lands-300-million-from-saudi-and-african-backers-dkbew90g2 og:image: https://api.daily.dev/og/posts/DKBEW90g2.png og:image:alt: Wiocc lands $300-million from Saudi and African backers og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Wiocc lands $300-million from Saudi and African backers **[TechCentral](https://daily.dev/sources/techcentral)** · 3 min read · 0 upvotes · 0 comments ## Summary Wiocc Group has signed a $300-million shareholder subscription agreement with the Africa Finance Corporation and Saudi Arabia's Vision Invest, the largest capital raise in its history. The funds will go toward data centre deployment and consolidation, expanding open-access terrestrial fibre, and investing in new subsea cable assets. The deal exceeds Wiocc's entire 2022 raise and represents roughly three-quarters of what it raised across three rounds in 2025. In South Africa, Wiocc's Open Access Data Centres unit recently completed acquiring seven former NTT Data facilities, and the company has signaled it intends to keep consolidating in a market where Teraco, Vantage Data Centers, and Cavaleros Group are also investing heavily. No valuation, equity split, or dilution details were disclosed. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much money did Wiocc Group raise from the Africa Finance Corporation and Vision Invest? Wiocc Group signed a shareholder subscription agreement worth a combined $300 million with the Africa Finance Corporation and Saudi Arabia's Vision International Investment Company. This is the largest capital raise in the company's history, exceeding its entire $200 million round from 2022 and accounting for roughly three-quarters of the more than $400 million it raised across three rounds in 2025. _follow african telecom and data centre funding developments like this on daily.dev._ ### What will Wiocc use its new $300 million investment for? Wiocc plans to use the funds for data centre deployment and consolidation, expansion of its open-access terrestrial fibre footprint, and investment in new subsea cable assets, with data centre consolidation named first in its list of priorities. This follows its Open Access Data Centres unit's completed purchase of seven former NTT Data facilities in South Africa on 31 December 2025. _track how infrastructure investment shapes data centre strategy on daily.dev._ ## Similar posts on daily.dev - [Wiocc lands R1.1-billion in debt funding for data centre, fibre expansion](https://daily.dev/posts/wiocc-lands-r1-1-billion-in-debt-funding-for-data-centre-fibre-expansion-c3t2hj3eb) · TechCentral · 0 upvotes · 0 comments - [Wiocc subsidiary OADC cleared to buy NTT data centres in South Africa](https://daily.dev/posts/wiocc-subsidiary-oadc-cleared-to-buy-ntt-data-centres-in-south-africa-wtv8tbdgz) · TechCentral · 0 upvotes · 0 comments - [South Africa’s data centre market ripe for consolidation](https://daily.dev/posts/south-africa-s-data-centre-market-ripe-for-consolidation-ph0m9rulp) · TechCentral · 0 upvotes · 0 comments - [US-listed data centre operator Equinix doubles down on South Africa](https://daily.dev/posts/us-listed-data-centre-operator-equinix-doubles-down-on-south-africa-r7qd6sryw) · TechCentral · 0 upvotes · 0 comments - [iOCO goes desert storming with Saudi Arabia cloud expansion](https://daily.dev/posts/ioco-goes-desert-storming-with-saudi-arabia-cloud-expansion-bejek6dab) · TechCentral · 0 upvotes · 0 comments --- Tags: [#venture-capital](https://daily.dev/tags/venture-capital) [View this post on daily.dev](https://daily.dev/posts/wiocc-lands-300-million-from-saudi-and-african-backers-dkbew90g2) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Wiocc lands $300-million from Saudi and African backers","url":"https://daily.dev/posts/wiocc-lands-300-million-from-saudi-and-african-backers-dkbew90g2","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/wiocc-lands-300-million-from-saudi-and-african-backers-dkbew90g2"},"datePublished":"2026-09-01T14:42:09.696Z","dateModified":"2026-09-01T14:42:34.941Z","description":"Wiocc Group has signed a $300-million shareholder subscription agreement with the Africa Finance Corporation and Saudi Arabia's Vision Invest, the largest...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/6a5bebb98e92f90a923b4f7f562a80e4?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/6a5bebb98e92f90a923b4f7f562a80e4?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCentral","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCentral","logo":"https://media.daily.dev/image/upload/s--RsqLDZrL--/f_auto/v1717745297/logos/techcentral","url":"https://daily.dev/sources/techcentral"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/wiocc-lands-300-million-from-saudi-and-african-backers-dkbew90g2","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"venture-capital","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCentral","item":"https://daily.dev/sources/techcentral"},{"@type":"ListItem","position":3,"name":"Wiocc lands $300-million from Saudi and African backers"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/wiocc-lands-300-million-from-saudi-and-african-backers-dkbew90g2#faq","mainEntity":[{"@type":"Question","name":"How much money did Wiocc Group raise from the Africa Finance Corporation and Vision Invest?","acceptedAnswer":{"@type":"Answer","text":"Wiocc Group signed a shareholder subscription agreement worth a combined $300 million with the Africa Finance Corporation and Saudi Arabia's Vision International Investment Company. This is the largest capital raise in the company's history, exceeding its entire $200 million round from 2022 and accounting for roughly three-quarters of the more than $400 million it raised across three rounds in 2025. follow african telecom and data centre funding developments like this on daily.dev."}},{"@type":"Question","name":"What will Wiocc use its new $300 million investment for?","acceptedAnswer":{"@type":"Answer","text":"Wiocc plans to use the funds for data centre deployment and consolidation, expansion of its open-access terrestrial fibre footprint, and investment in new subsea cable assets, with data centre consolidation named first in its list of priorities. This follows its Open Access Data Centres unit's completed purchase of seven former NTT Data facilities in South Africa on 31 December 2025. track how infrastructure investment shapes data centre strategy on daily.dev."}}]} ```