The Empower Africa Business Platform is Now Live !!!
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.

Africa-founded fintech company Yellow Card has secured $40 million in strategic equity financing to accelerate the expansion of its institutional stablecoin payments business.

Nigeria-founded mobility fintech Moove has become Africa’s newest unicorn after raising $250 million in a Series C funding round that valued the company at $2.1 billion.

Swedfund, Sweden’s development finance institution, has committed $12 million to the Acumen Resilient Agriculture Fund II (ARAF II).