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.
Nigerian fintech unicorn Moniepoint has announced a strategic investment from global payments leader Visa.
Renew Capital has announced its investment in Sevi, a Kenyan fintech company regulated by the Central Bank of Kenya.
Heading for Change, a donor-advised fund committed to driving climate solutions with women as key agents of change, has announced plans to invest in two transformative climate-focused initiatives targeting emerging markets in Africa.
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