Financial Times: “Cabling Africa: the great data race to serve the last billion”

February 2021

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 Intelligent Technologies, and founder Strive Masiyiwa also got a well-deserved nod:

“In December Netflix appointed Strive Masiyiwa, the founder of Liquid [Intelligent Technologies], 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.

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