Africa Data Centres currently operates seven state-of-the-art data centre facilities across Africa, serving more than 400 enterprise and hyperscale customers.
Andy Louw, Co-Head at STANLIB Infrastructure Investments, said: “We are proud to partner with Africa Data Centres, a leader in Africa’s digital evolution. Data centres are critical infrastructure for the modern economy, and our investment will strengthen South Africa’s digital backbone, enabling ADC to contribute meaningfully to the country’s growth. It aligns with our desire to be an economic enabler for the South African economy by deploying capital that drives growth”.
Hardy Pemhiwa, President & Group CEO of Cassava Technologies, said, “Partnering with STANLIB strengthens our South African operations and validates the robust foundation we’ve built. It provides us the scale required to serve major hyperscalers and enterprises as they rapidly increase their demand for secure, high-capacity connectivity and cloud services across the region.”
Muhammed Munshi, Principal at STANLIB Infrastructure Investments, said: “This partnership provides our investors with exposure to essential infrastructure assets underpinned by long-term growth drivers and the potential for attractive, risk-adjusted returns”.
STANLIB’s Infrastructure investment funds, with equity investments exceeding R14 billion, mobilise institutional savings pools into sustainable infrastructure projects, focusing on renewable energy and digital infrastructure. All investments incorporate environmental, social and governance (ESG) principles, ensuring long-term value creation for investors and the broader economy.
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About STANLIB Asset Management
STANLIB Asset Management is one of South Africa’s leading investment managers, with more than R550 billion in assets under management as of December 2024. As the institutional asset manager within the Standard Bank Group’s Investment & Asset Management business unit, STANLIB is focused on delivering consistent investment returns. To fulfil this fiduciary duty, it leverages progressive investment strategies and best-in-class, transparent partnerships, including its collaboration with J.P. Morgan Asset Management. This partnership provides clients with more access to global insights and forward-looking strategies.
STANLIB offers a core range of unit trust funds and manages a diverse array of bespoke institutional portfolios across various disciplines and asset classes, including fixed income, multi-asset, listed property, equity, and alternatives. Visit STANLIB.com.
STANLIB Asset Management (Pty) Ltd, an authorised financial services provider (FSP) under the Financial Advisory and Intermediary Services Act (FAIS), Act No. 37 of 2002 (Licence No. 719).
About Cassava Technologies
Cassava Technologies is a global technology leader of African heritage providing a vertically integrated ecosystem of digital services and infrastructure enabling digital transformation. Headquartered in the UK, Cassava has a presence across Africa, the Middle East, Latin America and the United States of America. Through its business units, namely, Cassava AI, Liquid Intelligent Technologies, Liquid C2, Africa Data Centres, and Sasai Fintech, the company provides its customers’ products and services in 94 countries. These solutions drive the company’s ambition of establishing itself as a leading global technology company of African heritage. https://www.cassavatechnologies.com/
About Africa Data Centres
Africa Data Centres owns and operates Africa’s largest network of interconnected, carrier and cloud-neutral data centre facilities. Bringing international experts to the pan-African market, Africa Data Centres is a trusted partner for rapid and secure data centre services and interconnections across Africa. Strategically located in South, East and West Africa our world-class data centre facilities provide a home for all business-critical data for Africa’s small, medium and large enterprises and global hyperscale customers.
