Africa Data Centres uses strategic investment from United States International Development Finance Corporation to expand operations
Aug 22, 2022 - 10:36 AM
JOHANNESBURG, South Africa, August 22, 2022/APO Group/ — Africa Data Centres (www.AfricaDataCentres.com), a business of Cassava Technologies, a pan-African technology group, has drawn down the first tranche of USD 83 million out of the USD 300 million strategic investment from the United States International Development Finance Corporation (DFC) approved in 2021. This initial tranche is being applied towards expanding ADC’s data centres in South Africa.
Cassava Technologies is building Africa’s digital infrastructure to enable accelerated economic development and ensure a digitally connected future that leaves no African behind
Subsequent disbursements from DFC will be used to realise the expansion of ADC’s footprint of data centres in other DFC-eligible African countries. ADC is executing an ambitious plan to build data centres in ten of Africa’s largest economic capitals, including Abidjan, Accra, Lagos, Cairo, and Casablanca. And to existing data centres in Johannesburg and Cape Town, further cementing ADC’s position as Africa’s largest operator of a pan-African network of interconnected carrier-neutral data centres.
Commenting on the expansion of the data centre operations in South Africa, Tesh Durvasula, CEO of Africa Data Centre, said, “The increasing demand for cloud and other digital technologies on the continent has directly increased the demand for African data to reside within the continent. This means Africa needs more data centres. We are pleased that our data centre expansion programme in South Africa funded by DFC will cater to the growing demand in the country”.
“This investment by DFC follows our recent announcement of the USD 50 million investment by C5 Capital into Cassava Technologies and a partnership to build Cyber Security Operations Centres across six markets in Africa. Through these investments, Cassava Technologies is building Africa’s digital infrastructure to enable accelerated economic development and ensure a digitally connected future that leaves no African behind,” said Hardy Pemhiwa, President & CEO of Cassava Technologies.
“Africa has unrealised economic potential that will be unlocked by this investment from DFC. We look forward to working closely with DFC to overcome Africa’s digital infrastructure deficit and accelerate the adoption of cloud services and digital applications across all industries, further making the continent a competitive destination for international investment,” concluded Pemhiwa. Source: APO Group
Distributed by APO Group on behalf of Africa Data Centres.