US DFC disburses $83m to African Data Centres
The US International Development Finance Corporation (DFC) has announced the first disbursement of $83-million to information and communications technology (ICT) infrastructure company Africa Data Centres to boost the roll-out of ICT infrastructure across Southern Africa.
This is the first part of the DFC's loan of up to $300-million, which is a key investment advancing US President Joe Biden’s administration’s Partnership for Global Infrastructure and Investment.
Africa Data Centres will continue to expand its secure data centre facilities across Africa. This expansion is expected to unlock about 31.3 MW of information technology load capacity in the next three years and create more than 100 direct formal jobs.
The DFC’s loan to Africa Data Centres is supporting the development, expansion and operation of data centers in South Africa, Kenya and other DFC-eligible countries. The first disbursement primarily supports data centre expansion in South Africa, US Secretary of State Antony Blinken announced during his visit to South Africa on August 8.
Africa faces an ICT infrastructure deficit that impedes economic development throughout the continent.
“DFC’s investment in Africa Data Centres helps expand critical ICT infrastructure in South Africa, Kenya and other countries in the region. Building secure, trusted information technology networks will help enable development and economic growth throughout Africa,” says DFC CEO Scott Nathan.
“Africa Data Centres is pleased to work with DFC to expand our facilities and network throughout Africa. This financing supports our efforts to build scaleable, efficient, resilient, secure and sustainable infrastructure that supports Africa’s adoption of world-class cloud services,” comments Africa Data Centres CEO Tesh Durvasula.
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