US Digital Infrastructure Operator Equinix to invest $390 million to build Africa Data Centres.

Africa Finance Review

Feb 27, 2024 — 1 min read

Global data centre and colocation provider Equinix is investing $390 million to build data centres across Africa.

Why is this important: The continent's internet penetration worldwide with data consumption expected to increase by 45% annually until 2025. With the continent's growing population, the demand for storage and connectivity will continue to grow, presenting exciting growth opportunities for investors.

Equinix's first foray into the continent was through its acquisition of MainOne, the West African data centre operator, in 2021. It has since added other data centre assets in Nigeria, Ghana, and Cote d'Ivoire and plans to invest in South Africa and East Africa.

Ecobank Repays $500Million 5-Year Eurobond Debt.

Ecobank Transnational Incorporated (ETI) repaid a 5-year, $500 million Eurobond loan that matured last week. Why does this matter: Ecobank is a multinational banking conglomerate that operates locally in 33 African countries. The company's first international debt market entry was a $200 million bond issue, listed on the

Egypt Receives $820 Million From IMF's Extended Fund Facility (EFF) Deal.

Egypt has secured $820 million as the second tranche of the International Monetary Fund's (IMF) loan program. The country has been taking decisive measures to grow its economy, consistently reduce its debt-to-GDP ratio, and increase revenue through deals with some Middle Eastern investors. Despite facing economic challenges similar

Kenya: The Rise of Rutonomics

President William Ruto's economic reforms have yielded positive results for the largest economy in East Africa. Why is this important: President Ruto campaigned on a 'bottom-up' economic model that aimed to strengthen the Micro, Small, and Medium Enterprises (MSMEs) economy, create a strong digital superhighway and

Ghana Yet To Restructure $13 Billion Debt with International Bondholders

Ghana still needs to secure a restructuring deal for its $13 billion debt with its International bondholder. Why does this matter: Ghana is currently facing economic challenges and is working to resolve them. One of the significant issues is agreeing on a restructuring deal for its $13 billion debt with

Read more

Ecobank Repays $500Million 5-Year Eurobond Debt.

Egypt Receives $820 Million From IMF's Extended Fund Facility (EFF) Deal.

Kenya: The Rise of Rutonomics

Ghana Yet To Restructure $13 Billion Debt with International Bondholders