DFC funds help establish ADC data centres in other African countries

DFC funds help establish ADC data centres in other African countries

The US International Finance Corporation (DFC), which was given approval for a $300 million strategic investment in 2021, has awarded the first $83 million tranche to Africa Data Centres, a division of the pan-African technology company Cassava Technologies.


The expansion of ADC’s data centres in South Africa is being funded by this first instalment.


ADC data centres will be expanded in more DFC-eligible African nations using further DFC payments.


ADC is putting into action an ambitious plan to construct data centres in 10 of the continent’s most important commercial hubs, including Abidjan, Accra, Lagos, Cairo, and Casablanca.


Additionally, it will link to already-existing data centres in Johannesburg and Cape Town, further solidifying ADC’s position as Africa’s biggest operator of an integrated pan-African network of data centres without a carrier.


Tesh Durvasula, CEO of Data Center Africa, commented on the growth of data centres in South Africa by saying: “Boosted demand for cloud services and other digital technologies on the continent has directly increased the need for hosting African data on the continent.


Africa thus needs additional data centres. We are happy that the rising demand in the nation will be satisfied by our DFC-funded data centre expansion projects in South Africa.


This DFC investment comes after we recently revealed that C5 Capital had invested $50 million in Cassava Technologies and partnered with us to create cyber security operations centres in six African regions.


Cassava Technologies President and CEO Hardy Pemhiva said, “Through this investment, Cassava Technologies is creating Africa’s digital infrastructure to allow rapid economic growth and ensuring a digital future that does not leave Africans behind.”


“This investment from DFC will uncover the untapped economic potential of Africa.”


In conclusion, Pemhiva said, “We look forward to working closely with DFC to address Africa’s digital infrastructure deficit and accelerate the adoption of cloud services and digital applications across all industries, further strengthening the continent’s position as a desirable location for foreign investment.


»DFC funds help establish ADC data centres in other African countries«

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