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Strive Masiyiwa Secures $100m Investment In Nigeria Data Center - Investment - Nairaland

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Strive Masiyiwa Secures $100m Investment In Nigeria Data Center by Belmot(m): 4:28pm On Dec 14, 2020
The Founder and Executive Chairman of Econet Global Limited, Strive Masiyiwa has disclosed that Africa Data Centre has commenced the construction of what it says will be Nigeria’s biggest Data Centre. The London-based Zimbabwean billionaire who asserted that a pandemic can’t stop the next phase of technology in Africa made this disclosure in an official pronouncement which he made public via his official Facebook account.

He disclosed that the group had acquired a 5-acre piece of land in Lagos, where the facility, one of the largest buildings in the city would be constructed. The centre which he called the ADC Atlantic, is a $100 million investment in the Nigerian economy. He added that in Data Centre terms, the facility will be the single largest Data Centre in Africa outside South Africa. According to information which Nairametrics has gathered, architects and engineers have been working at the facility for months. However, the contractors are yet to commence work fully.

Why this matters
The facility will make it possible for Nigerians to get more Cloud services cheaply. It will drive investment into Nigeria, and help create thousands of hi-tech jobs, and drive the demand for technology-driven experts in Nigeria.
However, this is a big win for the country as having data centres locally result in lower latency for end-users, since they are physically closer to the data as well.
In this regard, the presence of a data centre in the country will optimize computer network, as this will enable end-users to process a very high volume of data messages with minimal delay (latency). This will also facilitate the quick execution of operations that require near-real-time access to rapidly changing data.



https://nairametrics.com/2020/12/12/econet-moves-back-to-nigeria-with-100-million-data-centre-facility/

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Re: Strive Masiyiwa Secures $100m Investment In Nigeria Data Center by BOFREJO(m): 7:00pm On Dec 14, 2020
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