US DFC bets $300m on Africa's demand for data storage centers — Quartz
December 11, 2020 The US International Development Finance Corporation has joined a push into Africa’s rapidly growing data storage market with a $300 million investment in the expansion of Africa Data Centres, the data storage arm of Johannesburg-based Liquid Telecom. Zimbabwean telecoms billionaire Strive Masiyiwa, whose Econet Group controls Liquid, has already staked the potential of investment into data centers in South Africa, Kenya, and Nigeria. The African region’s data center market, which currently accounts for just 1% of global available capacity, is expected to grow to $3 b...
Source: qz.com