Today, Cassava Technology’s pan-African data center group Africa Data Centers (ADC) announced a visual plan for the first portion of its $300-million strategic investment made by the United States International Development Finance Corporation (DFC).
According to the corporation, an initial $83 million would be used to expand ADC’s data centers in South Africa. Subsequent DFC payments will be used to expand the business’ footprint of data centers into additional DFC-eligible African nations. This includes plans to add to the current data centers in Johannesburg and Cape Town as well as plans to construct data centers in ten of Africa’s main economic hubs, including Abidjan, Accra, Lagos, Cairo, and Casablanca.
“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 centers,” said Tesh Durvasula, CEO of ADC.
“We are pleased that our data center expansion program in South Africa funded by DFC will cater to the growing demand in the country,” Durvasula added.
Cassava Technologies to Build Cyber Security Centers Across Africa
This investment by DFC comes after ADC recently announced a partnership to develop Cyber Security Operations Centers across six markets in Africa and a $50 million investment by C5 Capital into 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,” Hardy Pemhiwa, President & CEO of Cassava Technologies explained.
“Africa has unrealized 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.
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