TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentral TechCentral
    NEWSLETTER
    • News

      Management shake-up at TymeBank – including a new CEO

      24 May 2022

      Standard Bank CEO apologises for weekend downtime

      24 May 2022

      South Africa fifth in Africa for blockchain funding

      24 May 2022

      Hein Engelbrecht to lead Mustek on interim basis

      24 May 2022

      Datatec in talks over Analysys Mason unit

      24 May 2022
    • World

      Terra collapse triggers $83-billion DeFi slump

      24 May 2022

      Zuckerberg sued in personal capacity over Cambridge Analytica

      24 May 2022

      Is the end of the bitcoin winter nigh?

      24 May 2022

      Zoom leaps higher on upbeat forecast

      24 May 2022

      Michael Dell becomes kingmaker in Broadcom, VMware deal

      23 May 2022
    • In-depth

      Bernie Fanaroff – the scientist who put African astronomy on the map

      23 May 2022

      Chip giant ASML places big bets on a tiny future

      20 May 2022

      Elon Musk is becoming like Henry Ford – and that’s not a good thing

      17 May 2022

      Stablecoins wend wobbly way into the unknown

      17 May 2022

      The standard model of particle physics may be broken

      11 May 2022
    • Podcasts

      The rewarding and lucrative careers to be had in infosec

      23 May 2022

      Dean Broadley on why product design at Yoco is an evolving art

      18 May 2022

      Everything PC S01E02 – ‘AMD: Ryzen from the dead – part 2’

      17 May 2022

      Everything PC S01E01 – ‘AMD: Ryzen from the dead – part 1’

      10 May 2022

      Llew Claasen on how exchange controls are harming SA tech start-ups

      2 May 2022
    • Opinion

      A proposed solution to crypto’s stablecoin problem

      19 May 2022

      From spectrum to roads, why fixing SA’s problems is an uphill battle

      19 April 2022

      How AI is being deployed in the fight against cybercriminals

      8 April 2022

      Cash is still king … but not for much longer

      31 March 2022

      Icasa on the role of TV white spaces and dynamic spectrum access

      31 March 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»Sections»Cloud computing»Old Mutual bets on Africa data centre growth with Ghana deal

    Old Mutual bets on Africa data centre growth with Ghana deal

    Cloud computing By Agency Staff4 March 2021
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    Old Mutual’s private equity unit has acquired a stake in a second data centre in sub-Saharan Africa as it expands to take advantage of a shortfall in cloud storage capacity on the continent.

    The investment, through its African Infrastructure Investment Managers fund, in conjunction with Onix Data Centres’ management team, will ramp up the size of the Ghanaian facility into the largest in the West African country. It will be renamed Onix Accra 1, with connectivity provided by Vodafone Group, Comsys Holdings and CSquared Innovations, the company said in a statement.

    Africa accounts for just 1% of global data centre capacity even though the size has doubled in the past three years, according to Xalam Analytics. Demand for data storage capacity is expected to grow three times faster than supply as more Africans acquire smartphones and the impact of the coronavirus lockdowns boosts demand for data storage, according to the research.

    This is the fund’s second investment in digital infrastructure in the past four months, after MetroFibre Networx in South Africa

    The evolution of electronic storage spaces in many markets outside of South Africa remains inadequate to meet rising data demand, Ed Stumpf, AIIM’s investment director, said by e-mail. “Data centres underpin and enable the digital economy and present strong growth prospects for long-term investors such as AIIM.”

    This is the fund’s second investment in digital infrastructure in the past four months, after MetroFibre Networx in South Africa. Amazon.com and Microsoft have been investing in data centre capacity mainly in South Africa, while Liquid Telecom and Actis Asset Management have raised a combined US$550-million for investment on the continent.

    AIIM has $2-billion in assets on the continent in telecommunications, energy and transport. The Old Mutual unit raised $320-million for deals in 2019, and has raised $2.3-billion in total.  — Reported by Loni Prinsloo and Roxanne Henderson, (c) 2021 Bloomberg LP

    Actis Asset Management African Infrastructure Investment Managers AIIM Comsys CSquared Innovations Liquid Telecom Metrofibre Networx Old Mutual Vodafone
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleWe won’t share users’ WhatsApp contacts, Facebook tells SA watchdog
    Next Article Ispa urges mediation to resolve spectrum standoff

    Related Posts

    Management shake-up at TymeBank – including a new CEO

    24 May 2022

    Standard Bank CEO apologises for weekend downtime

    24 May 2022

    South Africa fifth in Africa for blockchain funding

    24 May 2022
    Add A Comment

    Comments are closed.

    Promoted

    Generalists tend to outperform specialists when the going gets tough

    24 May 2022

    Vodacom champions innovation acceleration in Africa

    23 May 2022

    Kyocera answers top 10 questions on enterprise content management

    23 May 2022
    Opinion

    A proposed solution to crypto’s stablecoin problem

    19 May 2022

    From spectrum to roads, why fixing SA’s problems is an uphill battle

    19 April 2022

    How AI is being deployed in the fight against cybercriminals

    8 April 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.