Teraco Data Environments, Africa’s largest data-center company, raised R11.8-billion in funds to assist with its expansion plans and power build-out, said its CFO Samuel Erwin. Just under half of the loan financing, which was led by South Africa-based lender Absa Group will be used as growth capital to build out the company’s solar capacity and data centers, Erwin said. The rest will be used to refinance its current facilities, which are spread across Johannesburg, Cape Town and Durban.