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.
Nnenna Lily Nwabufo is a Nigerian economist and development leader who has dedicated over three decades to advancing Africa’s growth through her work at the African Development Bank (AfDB).
South African investment firm Crossfin, known for its focus on financial technology, has announced a new investment in DigiSquad, a payments advisory company based in Johannesburg.
Global banking technology company Velmie has supported the launch of Vult, Sierra Leone’s first digital banking super app, to help expand access to financial services in the country.
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