Kenya | DR Congo
2023
Sole Financial Advisor
Verdant Capital advises OADC on landmark JV Agreement with Texaf
Verdant Capital advises OADC on landmark JV Agreement with Texaf
A landmark joint venture agreement (“JVA”) between Africa’s leading data centre operator, Open Access Data Centres (“OADC”), a WIOCC Group company, and TEXAF, one of the DRC’s oldest business groups, was signed this past July. The JVA crystallizes the two parties’ intention to usher in the next evolution of the DRC’s digital ecosystem by launching the country’s first open-access, carrier-neutral data centre. The joint venture will be operated through their co-owned subsidiary, Open Access Data Entres-TEXAF Digital (DRC). The JV brings together OADC’s pan-African data centre operating expertise, coupled with the WIOCC Group’s continent-wide hyperscale connectivity infrastructure and capabilities, with TEXAF’s deep knowledge and experience investing and operating businesses in the DRC for almost a century. The new data centre is a key piece in the new epoch of the DRC’s digital ecosystem.