The project aims to establish one of the largest data centres in the region, equipped with state-of-the-art facilities and cutting-edge technology.
The collaboration promises to unlock vast possibilities for Egypt’s booming digital economy and strengthen the nation’s position as a regional technology hub. With data consumption skyrocketing, this expansive data centre will cater to the escalating needs of businesses, organizations, and individuals, offering secure and reliable data storage and processing capabilities.
The centre will have a capacity of 25 megawatts (MW) that is expected to double to 50 MW as expansion plans are implemented. The project aims to meet the region’s underserved data markets.
The European Investment Bank’s development branch, EIB Global, and Kenya’s Family Bank have announced a major partnership to provide €100 million (approximately KES 14.7 billion) in funding to support small and medium-sized businesses (SMEs) in Kenya.
AURA, a South African startup offering emergency response services, has raised €13.5 million (around $15.1 million) in its Series B funding round.
A new ranking from the Financial Times highlights the growth trajectory of African enterprises, with Nigerian and South African companies taking the lion’s share of the spotlight.
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