fbpx
Absa Bank Kenya Partners with Huawei to Build a New Digital Foundation for Branch NetworksRead more Stylish and compact, these new Canon instant printers make creative pursuits easyRead more Nigerian Law Enforcement agencies open investigations on Hawilti and company executives for criminal breach of trust, cheating, defrauding investors schemeRead more Famine looms in Somalia, but many ‘hunger hotspots’ are in deep troubleRead more Launch of the 3rd Edition of the Choiseul Africa Business Forum, a Must-Attend Event for the Business Community in Africa October 19th & 20th, 2022 in Casablanca, MoroccoRead more World’s Biggest Afrobeats Music Festival Afro Nation Extends Partnership with APO Group until 2025Read more Master Trainer (MT) National Meeting on Sustainable Coffee Practices Organized by The International Islamic Trade Finance Corporation in Collaboration with The Sustainable Coffee Platform of Indonesia (SCOPI)Read more Thai Ambassador met the Thai Community in Dar es Salaam and Zanzibar and visited the Buddhist Temple in TanzaniaRead more Generation Africa awards US$100,000 to two young agripreneurs from Kenya and Uganda in the fourth annual GoGettaz Agripreneur Prize Competition at the African Green Revolution Forum Summit in Kigali, RwandaRead more Medicaid Cancer Foundation and AstraZeneca celebrate Prostate Cancer Awareness month with the launch of Project Icon NigeriaRead more

Africa Data Centres uses strategic investment from United States International Development Finance Corporation to expand operations

show caption
Africa Data Centres uses strategic investment from United States International Development Finance Corporation to expand operations./Press Release Photo
Print Friendly and PDF

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.

MAORANDCITIES.COM uses both Facebook and Disqus comment systems to make it easier for you to contribute. We encourage all readers to share their views on our articles and blog posts. All comments should be relevant to the topic. By posting, you agree to our Privacy Policy. We are committed to maintaining a lively but civil forum for discussion, so we ask you to avoid personal attacks, name-calling, foul language or other inappropriate behavior. Please keep your comments relevant and respectful. By leaving the ‘Post to Facebook’ box selected – when using Facebook comment system – your comment will be published to your Facebook profile in addition to the space below. If you encounter a comment that is abusive, click the “X” in the upper right corner of the Facebook comment box to report spam or abuse. You can also email us.