The US International Development Finance Corporation (DFC) has reconfirmed its dedication to investing $300 million in Africa Data Centres (ADC) for the development of data centers throughout various African nations. This commitment was formalized through a memorandum of understanding signed in Accra, Ghana.
US Ambassador to Ghana Virginia Palmer noted that innovators in Ghana and throughout the continent are leveraging technology creatively. They use it to generate opportunities and drive development. She praised Ghana’s vision and dedication to building a robust digital ecosystem. Furthermore, she highlights it as a testament to the country’s commitment to innovation, investment attraction, and empowerment of its citizens.
How The US Government Aids In The Development Of Data Centers In Africa.
The Ambassador also mentioned the US government’s support for these efforts. She referenced the Digital Transformation with Africa initiative launched by President Biden during the Africa Leaders’ Summit. This initiative aims to expand digital access and literacy while enhancing digital environments in Africa. In total, this will be done with a planned investment of over $350 million and $450 million in financing.
Finhai Munzara, the CFO of ADCs, pointed out that the continent requires up to 1,000 MW and 700 facilities. These were to meet the demand for data centers, bringing its capacity density in line with South Africa. He highlighted DFC’s support in Kenya and South Africa and its ambition to reach ten major economic hubs across Africa.
ADC plans to provide up to 30MW of IT capacity in multiple phases at the Ghana Trade Fair site. Offering a secure and centrally located hyper-scale IT infrastructure close to key connectivity points.
Scott Nathan, CEO of the DFC, emphasized that data centers can attract data-driven companies seeking to establish or expand their operations in growing African economies. Markets with reliable technology and secure data storage are magnets for businesses that create jobs and opportunities in high-growth sectors.
Nathan emphasized that when this data center in Accra becomes operational, it will contribute to the development and economic growth in the region and beyond. This commitment aligns with President Biden’s and the G7’s broader goal of mobilizing private capital for high-quality infrastructure investments that enhance lives and promote vibrant, innovative economies.
He stressed that safe, secure, and open information technology networks are essential foundations for a dynamic private sector to flourish and thrive.