Africa Knowledge Centres (www.AfricaDataCentres.com), a enterprise of Cassava Applied sciences, a pan-African know-how group, has drawn down the primary tranche of USD 83 million out of the USD 300 million strategic funding from the US Worldwide Improvement Finance Company (DFC) accepted in 2021. This preliminary tranche is being utilized in direction of increasing ADC’s knowledge centres in South Africa. 

Subsequent disbursements from DFC might be used to grasp the growth of ADC’s footprint of information centres in different DFC-eligible African nations. ADC is executing an formidable plan to construct knowledge centres in ten of Africa’s largest financial capitals, together with Abidjan, Accra, Lagos, Cairo, and Casablanca. And to current knowledge centres in Johannesburg and Cape City, additional cementing ADC’s place as Africa’s largest operator of a pan-African community of interconnected carrier-neutral knowledge centres.

Commenting on the growth of the information centre operations in South Africa, Tesh Durvasula, CEO of Africa Knowledge Centre, mentioned, “The rising demand for cloud and different digital applied sciences on the continent has instantly elevated the demand for African knowledge to reside throughout the continent. This implies Africa wants extra knowledge centres. We’re happy that our knowledge centre growth programme in South Africa funded by DFC will cater to the rising demand within the nation”.

“This funding by DFC follows our latest announcement of the USD 50 million funding by C5 Capital into Cassava Applied sciences and a partnership to construct Cyber Safety Operations Centres throughout six markets in Africa. By these investments, Cassava Applied sciences is constructing Africa’s digital infrastructure to allow accelerated financial improvement and guarantee a digitally related future that leaves no African behind,” mentioned Hardy Pemhiwa, President & CEO of Cassava Applied sciences.

“Africa has unrealised financial potential that might be unlocked by this funding from DFC. We look ahead to working intently with DFC to beat Africa’s digital infrastructure deficit and speed up the adoption of cloud companies and digital purposes throughout all industries, additional making the continent a aggressive vacation spot for worldwide funding,” concluded Pemhiwa.

Distributed by APO Group on behalf of Africa Knowledge Centres.

About Africa Knowledge Centres:
Africa Knowledge Centres is a enterprise of Cassava Applied sciences Restricted and a trusted associate to native and international enterprises for fast and safe knowledge centre companies and interconnections in Africa. 

Africa Knowledge Centres owns and operates Africa’s largest community of interconnected, service and cloud-neutral knowledge centre services. Strategically positioned, our world-class knowledge centre services present a house for business-critical knowledge for enterprises in Africa. www.AfricaDataCentres.com