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

Africa Data Centers (www.AfricaDataCentres.com), a venture of Cassava Technologies, a pan-African technology group, has raised the first tranche of $83 million of the $300 million strategic investment from the United States International Development Finance Corporation (DFC) approved in 2021. This initial tranche is applied to the expansion of ADC’s data centers in South Africa.

Subsequent DFC disbursements will be used to achieve the expansion of ADC’s data center footprint in other DFC-eligible African countries. ADC is executing an ambitious plan to build data centers in ten of Africa’s largest economic capitals, including Abidjan, Accra, Lagos, Cairo and Casablanca. And to existing data centers in Johannesburg and Cape Town, further cementing ADC’s position as the largest African operator of a pan-African network of carrier-neutral interconnected data centers.

Commenting on the expansion of data center operations in South Africa, Tesh Durvasula, CEO of Africa Data Center said, “The growing demand for cloud and other digital technologies on the continent has directly increased the demand for data Africans to reside on the continent. . This means that Africa needs more data centers. We are delighted that our data center expansion program in South Africa, funded by DFC, is meeting the growing demand in the country.”

“This investment from DFC follows our recent announcement of a $50 million investment by C5 Capital in Cassava Technologies and a partnership to build cybersecurity operations centers in 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 and CEO of Cassava Technologies .

“Africa has unrealized economic potential that will be unlocked by this investment from DFC. We look forward to working closely with DFC to overcome the digital infrastructure gap in Africa and accelerate the adoption of cloud services and applications. across all sectors, making the continent a competitive destination for international investment,” concluded Pemhiwa.

Distributed by APO Group for Africa Data Centres.

About Data Centers in Africa:
Africa Data Centers is a Cassava Technologies Limited company and a trusted partner to local and global businesses for fast and secure data center services and interconnections in Africa.

Africa Data Centers owns and operates the largest network of interconnected, carrier-neutral and cloud-based data center facilities in Africa. Strategically located, our world-class data center facilities provide a home for business-critical data in Africa. www.AfricaDataCentres.com

This press release was issued by APO. Content is not vetted by the African Business editorial team and none of the content has been verified or validated by our editorial teams, proofreaders or fact checkers. The issuer is solely responsible for the content of this announcement.

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