Tech : Africa50 Invests $15 Million in Raya Data Center to Boost Digital Transformation

Africa50, through its Infrastructure Acceleration Fund, invests $15 million to acquire 42.9% of Raya Data Center, valued at $35 million. The investment will fund a certified data center in Egypt, serving major tech firms. Construction begins in January 2025, advancing Africa’s digital transformation by enhancing cybersecurity and local infrastructure.