Dimension Knowledge raises N20bn for digital infrastructure growth

Dimension Knowledge Nigeria has raised N20bn underneath a newly executed bond programme geared toward increasing essential digital infrastructure and strengthening enterprise connectivity throughout the nation as demand for information, cloud providers and synthetic intelligence continues to rise.

The corporate formally executed the N20bn bond programme underneath Dimension Knowledge SPV Funding Plc following approval from the Securities and Alternate Fee. The signing ceremony, which marked the completion of documentation and regulatory clearances, was held not too long ago on the Capital Membership in Victoria Island, Lagos.

The Managing Director, Gbenga Olabiyi, stated the capital increase is targeted on long-term worth creation and infrastructure funding required to take care of competitiveness in a quickly evolving digital economic system.

“Sustained infrastructure funding is crucial to sustaining competitiveness and unlocking future development,” he stated. “When deployed thoughtfully, infrastructure secures the enterprise, future-proofs operations, and permits environment friendly scaling as information demand and complexity enhance.”

Nigeria continues to face vital digital infrastructure gaps, together with restricted metro and entry fibre protection and constrained enterprise connectivity, whilst demand accelerates, pushed by fintech development, cloud adoption and increasing digital public providers. These constraints have elevated working prices, restricted service high quality and slowed the tempo of digital transformation.

Olabiyi stated the bond programme is designed to develop essential digital infrastructure capability, strengthen community resilience and help enterprise and carrier-grade providers wanted to fulfill the nation’s rising connectivity necessities. He expressed appreciation to the corporate’s advisers and companions and signalled plans to work carefully with them as subsequent phases of funding and execution start.

The Managing Companion of Mbavaa Companions Restricted, Shatse Kakwagh, the personal fairness agency backing Dimension Knowledge, described the transaction as a watershed second and a validation of the corporate’s long-term infrastructure technique.

“This can be a journey we started years in the past, and it proves that the alternatives we see out there may be realised,” he stated. “We imagine strongly in working with companions to deal with the essential infrastructure deficit in Nigeria and throughout Africa. This programme permits us to safe the appropriate kind of capital to finance the aggressive development we’ve got deliberate.”

In response to the corporate, the bond programme obtained sturdy help from ranking companies, whereas its first market issuance was closely oversubscribed, reflecting investor confidence in its execution functionality and development prospects.

Advisers to the transaction embrace Pathway Advisors Restricted as bookrunner; Greychapel Authorized and Alliance Regulation Agency as solicitors; CardinalStone Registrars Restricted and STL Trustees Restricted as registrar and trustees; Deloitte & Touche as reporting accountant alongside Mascot Okpori & Co as auditors; Fidelity Bank as receiving financial institution; and Agusto & Co as ranking company.

The fundraising underscores the growing position of personal capital in bridging Nigeria’s infrastructure deficit because the nation seeks to deepen its digital economic system and enhance the resilience of its connectivity spine.