IXAfrica Secures Upto US$200mn in Debt Funding to Expand Nairobi Data Center
IXAfrica Data Centre has secured a multi-tranche funding package from Rand Merchant Bank to expand its Nairobi campus..
✨ Key Highlights
IXAfrica Data Centre has secured up to US$200 million in debt financing from Rand Merchant Bank (RMB) to expand its Nairobi campus, aiming to become a critical hub for hyperscale and artificial-intelligence workloads in the region.
- The funding will support the construction of an additional 20 megawatts of IT power, adding to the existing 2.25 megawatts already in service.
- Snehar Shah, CEO of IXAfrica, confirmed the company has identified Tilisi Industrial Park in Limuru as a viable point for future expansion.
- The Nairobi site benefits from proximity to key fiber routes, resilient power infrastructure, and Kenya’s largely renewable electricity supply.
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Financial Sector Moves in Kenya: IXAfrica Secures Funding, Bonto Halts Operations, Hustler Fund Appoints New CEO - September 2025
Kenya's financial and corporate landscape has seen several significant events. IXAfrica Data Centre secured up to US$200 million in debt financing from Rand Merchant Bank (RMB) to expand its Nairobi campus for hyperscale and AI workloads. In contrast, Bonto Kenya Money Transfer Limited has suspended its money remittance operations as of August 15, 2025. The company cited mounting market and operational pressures, including narrow margins and rising expenses, as it seeks Central Bank of Kenya approval to wind down. Separately, the Kenyan government has appointed Mr. Tanui as the new CEO of the Hustler Fund. Taking over from Elizabeth Nkukuu, Tanui, a veteran with over 24 years in financial services, will aim to optimize the fund's collection processes.
