Africa Data Centres, a business of Cassava Technologies, a pan-African technology group, has drawn down the first tranche of US$83 million out of the US$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.
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.
Tesh Durvasula, CEO of Africa Data Centres, 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 US$50 million investment by C5 Capital into Cassava Technologies and a partnership to build cybersecurity operations centres across six markets in Africa,” said Hardy Pemhiwa, President and CEO of Cassava Technologies.
“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.”Click below to share this article