The amount will increase by the time the fundraising ends in early October, Pearson adds.
The fund will use the money to increase investments in data centres, as well as embassy, educational, healthcare and light industry properties.
Data connection
Africa needs more data centres. Only a third of the continent’s 80 metropolitan areas with a population of more than one million have at least one built-for-purpose data centre, according to the Africa Data Centres Association and Xalam Analytics.