DFC disburses $83m to Africa Data Centres
The U.S. International Development Finance Corporation (DFC) announced the first disbursement of $83 million of its up to $300 million loan to Africa Data Centres, a key investment advancing the Biden administration’s Partnership for Global Infrastructure and Investment. Africa Data Centres is Africa’s largest network of interconnected data facilities, which power, cool, secure and connect enterprises, cloud providers and hyperscalers.
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.
“DFC’s investment in Africa Data Centres helps expand critical information and communications technology infrastructure in South Africa, Kenya, and other countries in the region,” said DFC CEO, Scott Nathan. “Building secure, trusted information technology networks will help enable development and economic growth throughout Africa.”
“Africa Data Centres is pleased to work with DFC to expand our facilities and network throughout Africa,” said Africa Data Centres CEO, Tesh Durvasula. “This financing supports our efforts to build scaleable, efficient, resilient, secure and sustainable infrastructure that supports Africa’s adoption of world-class cloud services.”
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