Fresh Details Emerge for Africa Data Centre’s $300-Million Expansion Plans
Today, the $300 million strategic investment made by the United States International Development Finance Corporation was drawn for by the pan-African data center company Africa Data Centres (ADC) of Cassava Technology (DFC).
According to the corporation, the initial $83 million would be used to expand ADC’s data centers in South Africa.
According to ADC, subsequent DFC payments will be utilized to expand the business’ footprint of data centers into additional DFC-eligible African nations. This includes plans to add to the current data centers in Johannesburg and Cape Town as well as plans to construct data centers in 10 of Africa’s main economic hubs, including Abidjan, Accra, Lagos, Cairo, and Casablanca.
“The desire for African data to reside on the continent has directly increased due to the rising demand for cloud and other digital technologies on the continent. The expansion ambitions indicate that Africa needs more data centers, according to Tesh Durvasula, CEO of ADC.
“We are thrilled that our DFC-funded data center expansion program in South Africa will meet the country’s expanding demand,” Durvasula continued.
Building Cyber Security Centers Across 6 African Markets by Cassava Technologies
This investment by DFC comes after ADC recently announced a partnership to develop Cyber Security Operations Centers across six markets in Africa and a $50 million investment by C5 Capital into Cassava Technologies.
Cassava Technologies President & CEO Hardy Pemhiwa remarked, “Through these investments, Cassava Technologies is developing Africa’s digital infrastructure to enable accelerated economic development and ensuring a digitally connected future that leaves no African behind.”
“This investment from DFC will help harness the untapped economic potential of Africa. In order to address Africa’s lack of digital infrastructure and hasten the adoption of cloud services and digital applications across all industries, we are eager to collaborate closely with DFC, adding to the continent’s competitiveness as a location for foreign investment, Pemhiwa said.
