Africa50 Invests USD15M in Raya Data Center to Boost Egypt’s Digital Economy and Innovation

Africa50, the pan-African infrastructure investor and asset manager, has announced a USD15m investment in Raya Data Center (RDC). The investment, which is subject to regulatory approvals, will strengthen RDC’s existing operations and fund the development of a greenfield tier III data center in Egypt, driving the country’s digital economy and startup ecosystem.

The data center industry in Egypt requires substantial investment, driven by high demand amid the country’s growing digital economy and internet usage.

Since its establishment in 2012, RDC has earned a strong reputation as a reliable provider of colocation and cloud services to both local and international enterprise customers. RDC, which is wholly-owned by Egypt Exchange-listed conglomerate Raya Holding for Financial Investment (Raya Holding), currently operates two tier III data centers in Cairo.

The new equity financing not only allows RDC to sustainably expand its capacity but also provides an opportunity for the company to leverage Africa50’s data center expertise and networks across the continent.

We are thrilled to announce this strategic partnership with Africa50, which highlights the confidence investors have in Raya Holding’s vision and success in building a diverse portfolio of investments in high-potential sectors This partnership is a fundamental step towards achieving our ambitious expansion and growth goals while delivering sustainable value for our shareholders. Egypt’s data center market is brimming with potential, with an expected annual growth rate of 12.8% until 2030. Through Raya Data Center, we are committed to meeting the region’s increasing demand for digital services and playing a pivotal role in the digital transformation of Egypt and beyond.

– Ahmed Khalil, CEO, Raya Holding

At Raya Information Technology, we prioritize entrepreneurship in digital transformation. We are dedicated to delivering integrated solutions that cater to our customers’ evolving needs in today’s fast-paced digital world. Raya Data Center is committed to providing a world-class cloud infrastructure, marked by exceptional security and reliability. This partnership with Africa50 will significantly bolster our ability to support digital economic growth and drive innovation, ensuring the sustainable delivery of critical services with unmatched efficiency.

– Eng. Hisham Abdelrasoul, CEO, Raya Information Technology

We are delighted to enter one of Africa’s largest data center markets alongside a proven operator such as Raya Data Center. This investment is a key building block in our fast-growing pan-African data center portfolio. RDC’s current and future data centers will not only support the Egyptian government’s digitization push but also provide the necessary digital infrastructure on which the country’s thriving SME and startup ecosystem can build. Raya Holding’s commitment to reducing emissions by transitioning to renewable energy aligns perfectly with Africa50’s commitment to building sustainable economies and investing in climate-resilient infrastructure. The investment positions RDC to attract international hyperscale customers in North Africa, the Middle East and Europe, given Egypt’s strategic location.

– Raza Hasnani, Managing Director and Head of Infrastructure Investments, Africa50