LONDON—Vision International Investment Company (Vision Invest) and Africa Finance Corporation (AFC) signed a Shareholder Subscription Agreement with WIOCC Group, Africa's leading carrier-neutral digital infrastructure platform, securing a combined US $300 million investment in the company. Covington advised Vision Invest on the transaction.
The investment brings together Vision Invest’s experience in developing strategic and impactful infrastructure investments, including data centres, AFC’s long-standing commitment to advancing Africa’s economic development, and WIOCC Group’s established digital footprint and extensive client relationships. Together, AFC, Vision Invest and WIOCC Group aim to contribute to accelerating the development of Africa’s digital ecosystem and supporting the continent’s growing role in the rapidly evolving global digital economy.
Vision Invest is a leading Saudi Arabian infrastructure investment and development company at the forefront of public and private sector partnerships in the Kingdom of Saudi Arabia, and beyond.
The Covington team was led by Agnieszka Klich, Mark Thompson, Lennard Ong, and Florence Cock.
Covington is widely recognized for its market-leading data center practice, advising data center providers, investors, developers, and colocation services customers on complex digital infrastructure projects across multiple jurisdictions.
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