Internet service provider Liquid Telecom has raised Sh33.4 billion ($307 million) through a rights issue to fund a rapid expansion of its data centre business across Africa. The fibre-network operator is planning to expand its data centre unit in five of the continent’s fastest growing economies including Egypt and Nigeria, said Stephane Duproz, Liquid’s Africa Data Centres head. Read MoreAlthough Africa’s data centre capacity has doubled in the past three years, it still accounts for less than one per cent of the global total, according to data from Xalam Analytics. Amazon, Huawei Technologies and Microsoft Corporation have been among the firms investing in data centre capacity in African countries in recent years. It’s also acquiring a data centre from Standard Bank Group in South Africa, and building another nearby in Johannesburg.

Source: Standard Digital October 27, 2020 09:00 UTC