Javascript is disabled!Financial Times: "Cabling Africa: the great data race to serve the ‘last billion’"

February 01, 2021

Post category: news

Financial Times: "Cabling Africa: the great data race to serve the ‘last billion’"

The Financial Times explores Africa's digital infrastructure - the opportunities, the current 'gold rush', and the attention from global technology giants.

The Financial Times explores Africa's digital infrastructure - the opportunities, the current 'gold rush', and the attention from global technology giants.

Key insights include:

- "Africa’s internet capacity is indeed exploding — becoming faster, denser and more local, which has profound implications for the continent’s economies."

- "Less than 1 per cent of the world’s data centre capacity is in Africa, at about 200MW as of last year, according to Xalam Analytics. But the demand is already much more."

- "... average African mobile data traffic will more than quadruple to just over 7 gigabytes per month per subscriber. By 2025, nearly 30m 5G connections in Africa are forecast... a dramatic increase from last year when there were barely any on the continent."

Fund I portfolio company, Liquid Telecom, and founder Strive Masiyiwa also got a well-deserved nod:

- "In December Netflix appointed Strive Masiyiwa, the founder of Liquid Telecom, Africa’s biggest independent fibre operator, to its board. Mr Masiyiwa, Netflix’s first African director, is also backing Africa Data Centres, another operator, which received $300m from the US International Development Finance Corporation last year."

Read more about DFC's investment into Africa Data Centres here, and about Mr. Masiyiwa's appointment to the Netflix board here.