The Empower Africa Business Platform is Now Live !!!
The facility, named NBOX1, is designed to bolster the country’s digital infrastructure by providing reliable and sustainable cloud services.
Powered by Schneider Electric’s energy management solutions, NBOX1 is a Tier 3+ carrier-neutral data center equipped to support advanced AI applications.
It is positioned as East Africa’s largest and most technologically advanced digital hub for cloud, colocation, and connectivity services.
Kenya’s favorable business environment, including a growing economy, advanced cloud adoption, and abundant renewable energy resources, made it an ideal location for this significant investment.
IXAfrica has been expanding its footprint in the country, with multiple data center projects underway.
The broader African data center market is experiencing rapid growth, with Kenya emerging as a key player.
This development underscores the increasing demand for robust digital infrastructure to support economic and technological advancement across the continent.
Pan-African mobility fintech startup Moove has secured $100 million in a Series B funding round, valuing the company at $750 million.
Norfund, a Norwegian investment management company focused on developing markets, announced a $20 million commitment to the Apis Growth Markets Fund III.
AMAKA Studio has raised $2 million in seed funding, aimed at advancing its mission of empowering Black and African creators worldwide.