Major DFC loan aims to support African data centre expansion

Major DFC loan aims to support African data centre expansion

Africa Data Centres, Africa’s largest network of interconnected, carrier and cloud-neutral data centre facilities, has received the first disbursement of US$83 million of what could be an up to US$300 million loan from the US International Development Finance Corporation (DFC).

DFC partners with the private sector to finance solutions for the developing world. It invests across sectors including energy, healthcare, critical infrastructure and technology.

DFC says its loan to Africa Data Centres is supporting the development, expansion and operation of data centres in South Africa, Kenya and other DFC-eligible countries. The first disbursement primarily supports data centre expansion in South Africa.

Africa Data Centres CEO Tesh Durvasula says: “This financing supports our efforts to build scaleable, efficient, resilient, secure and sustainable infrastructure that supports Africa’s adoption of world-class cloud services.” 

DFC says that Africa Data Centres will continue to expand its secure data centre facilities across Africa. This expansion, it adds, is expected to unlock approximately 31.3 megawatts of IT load capacity in the next three years and create over 100 direct formal jobs.

The Data Centre Dynamics website says the data centres that ADC has launched or is developing are in Kenya, Nigeria, Togo and South Africa. ADC also has plans to build a data centre in Ghana and recently announced a $500 million goal to build ten data centres across ten African countries over the next two years. The company aims to double its footprint and build facilities in places like Morocco, Tunisia and Egypt.


Sign-up to our weekly newsletter

Keep up-to-date with all the latest news, articles, event and product updates posted on Developing Telecoms.
Subscribe to our FREE weekly email newsletters for the latest telecom info in developing and emerging markets globally.
Sending occasional e-mail from 3rd parties about industry white papers, online and live events relevant to subscribers helps us fund this website and free weekly newsletter. We never sell your personal data. Click here to view our privacy policy.