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Africa Data Centres to Start Construction on a New Facility in Accra

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Africa Data Centres, the largest network of interconnected, carrier-and cloud-neutral data centre facilities on the continent, announces that it will shortly start construction on its newly acquired land in the Central Business District of Accra, Ghana.

The new facility has been designed for an initial 10 MW, which can expand to 30MW depending on demand. It will be the largest facility in West Africa todate, outside of Nigeria.

Data centres are the foundation of digitally led economic growth around the world; developing sustainable and self-sufficient ICT ecosystems is impossible without them. The new facility will be built on a part of the former Trade Fair showgrounds site, one of the key central locations in the city. The first phase is scheduled to be completed within 12 months.

This new facility is part of Africa Data Centres’ continental expansion plans spanning 10 of Africa’s major economic hubs, including South Africa, Zambia, Kenya, Rwanda, Egypt, Morocco, Senegal, Ivory Coast, and Angola.

This unrivalled expansion, partly funded by the United States government’s U.S. International Development Finance Corporation (DFC), is a significant initiative to accelerate private sector-led digital infrastructure and services in Africa.

“We continue to bring internationally recognised services and products through Liquid Intelligent Technologies and Africa Data Centres.

“Liquid already has the largest cross-border fibre network in Africa, and our data centres footprint expansion compliments this, enabling faster digital transformation on the continent,” says Hardy Pemhiwa, Group CEO for Liquid Intelligent Technologies.

Mr. Scott Nathan, CEO of the U.S. International Development Finance Corporation (DFC)said, “DFC is proud to support African Data Centres. This new facility in Accra will be an investment in critical infrastructure helping to better link the rapidly growing African population and market to global opportunities.

DFC’s commitment to strengthen ICT Infrastructure in West Africa is in keeping with the commitments President Biden made to mobilize private capital for the kind of high quality global infrastructure investments that improve peoples’ lives.

This new data centre will help accomplish that in Ghana and for the region, creating jobs by improving existing business conditions while at the same time attracting data-dependent companies looking to invest and expand their operations.”

The US Government’s Senior Advisor Mr. Amos Hochstein said, “This investment exemplifies the U.S. Government’s commitment under the Partnership for Global Infrastructure and Investment (PGII) to unlock public and private capital for sustainable infrastructure investment. Alongside the data centres in South Africa and Kenya, the Ghana data centre is laying the groundwork for a digital revolution on the continent.

Welcoming the new investment, Hon. Nana Akufo-Addo, The President of Ghana said, “The establishment of Africa Data Centre’s new 10MW data centre, in the heart of Accra, is a significant step towards bridging the infrastructure gap, and developing further our digital economy. This investment and the Government’s drive at digitising all sectors of the economy will enable us increase our capacity to access digital services, and help even more to attract foreign direct investment into our economy.”

“Our new data centre in Ghana is a significant step towards Africa Data Centres’ goal of narrowing the digital divide in the West Africa region. Hyper-scale data centres, preferred by major US tech companies, multinational corporations, banks and other local enterprises, are the speciality of Africa Data Centres.

Additionally, our data centres are supported with independent solar and battery storage power, enabling us to bring digital technologies whilst mitigating our environmental impact,” concluded Tesh Durvasula, CEO of Africa Data Centres.

 


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History as MTN Nigeria Becomes First to Hit ₦10 Trillion Market Cap @ NGX

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MTN Nigeria Communications Plc has achieved a historic milestone, becoming the first listed company on the Nigerian Exchange Limited (NGX) to reach a market capitalization of ₦10 trillion, as its share price closed at ₦480 on Friday, August 1, 2025.

istory as MTN Nigeria Becomes First to Hit ₦10 Trillion Market Cap @ NGX

The telecommunications giant’s shares gained ₦8 or 1.69% during Friday’s trading session, pushing the company’s market value past the ₦10 trillion threshold.

This remarkable achievement comes just two days after MTN Nigeria released its stellar half-year 2025 financial results on Wednesday, which showed exceptional performance across all key metrics.

The timing is not surprising based on what was said in the company’s H1 results, which revealed a dramatic turnaround from losses to profitability.

The telecoms operator reported service revenue growth of 54.6% to ₦2.4 trillion, while EBITDA surged by 119.5% to ₦1.2 trillion with margins expanding significantly to 50.6%.

Most importantly, the company achieved a profit after tax of ₦414.9 billion, marking a stunning recovery from the loss of ₦519.1 billion recorded in the same period last year.

Speaking on the H1 2025 results that have driven investor confidence, Karl Toriola, CEO, MTN Nigeria, said: “We are excited by the progress made in the first half of 2025, reflecting the successful execution of the strategic priorities we previously communicated to the market.”

Toriola emphasized the company’s strong operational momentum, stating: “Building on the momentum from the first quarter, we delivered strong growth in service revenue for the period under review. This was driven by robust demand for our services, proactive customer value management and price adjustments, mainly in Q2.”

The CEO’s confidence in the company’s trajectory was evident in his commentary about future prospects.

“In light of the strong momentum in our business, we have upgraded our FY 2025 and medium-term guidance and we remain firmly on track to restore our balance sheet to a positive net asset position by the end of Q3,” Toriola declared.

This optimistic outlook, backed by upgraded financial guidance targeting service revenue growth of “at least low-50%” and EBITDA margin of “at least low-50%” for FY 2025, has clearly resonated with investors.

Toriola highlighted improving operating conditions that have supported the company’s performance: “The macroeconomic conditions in Nigeria showed notable improvements in the period under review, including a relatively stable naira, improved foreign exchange (forex) liquidity and easing inflationary pressures.”

He noted that “this backdrop helped to enable our improved business performance and set a more supportive context for increased long-term investments.”

The ₦10 trillion market cap milestone represents extraordinary value creation for shareholders.

 

 

 


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Vitel Wireless Rolls Out 50,000 SIM Cards, eSIMs

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Vitel Wireless, a   mobile virtual network operator (MVNO), has announced the official launch of its nationwide network services in Nigeria.

In a statement, the company stated that starting yesterday August 1, it will release an initial batch of 50,000 SIM cards and eSIMs across all 36 states and Federal Capital Territory (FCT) to selected subscribers, bringing reliable, affordable, and high-quality connectivity to millions of Nigerians.

This milestone, it said, marks its commitment to transforming Nigeria’s telecommunications landscape by providing accessible and seamless mobile services to both urban and rural communities.

Commenting on the launch, Kenneth Nwabueze, executive chairman of Vitel Wireless Limited, said: “We are excited to bring Vitel Wireless’s innovative services to Nigeria, a vibrant and dynamic country with immense potential. Our goal is to deliver dependable connectivity that enables Nigerians to connect, communicate, and thrive in the digital age. This rollout is just the beginning — we look forward to expanding our services and making a positive impact across the nation.”

According to the company,  with a focus on innovation, affordability, coverage, and customer satisfaction, it aims to bridge the digital divide and foster inclusive growth.

“More than half of the initial release will be made available through authorised retail outlets, Vitel Wireless Airport Kiosks, and mobile kiosks utilising Know Your Customer (KYC) verification via NIMC’s new SIM-NIN telecommunications registration platform.

“The remaining SIM cards will be allocated to subscribers for innovative value-added services, including Internet of Things (IoT) solutions, Safer Home AI camera systems (iSEEYOU), employment performance monitoring App (Oga-App), and location-based services solutions such as SecurMe and Push-My Location, among others. This initial deployment enables the company to rigorously test its network, optimise its MTN roaming partnership, and implement necessary adjustments prior to the full-scale launch in Q2 2025,” it added.

 


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MTN Nigeria Celebrates Super Falcons with ₦150 Million Reward After WAFCON Triumph

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L-R: Dr. Muhammed Sanusi, General Secretary, Nigeria Football Federation; Dr Karl Toriola, CEO, MTN Nigeria; Rashidat Ajibade, Captain, Super Falcons; Ifueko Okauru, Director, MTN Nigeria; Chiamaka Nnadozie, Goalkeeper, Super Falcons and Alhaji Ibrahim Gusau, President, Nigerian Football Federation at an MTN Super Falcons Breakfast Reception held at Eko Hotel & Suites, Victoria Island, Lagos on Thursday, July 31, 2025.
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MTN Nigeria has rewarded the Nigerian Super Falcons with 150 million naira following their remarkable victory at the 2024 Women’s Africa Cup of Nations (WAFCON).

The announcement was made at a celebratory breakfast reception hosted by the technology company in Lagos, in the presence of Nigerian Football Federation (NFF) leadership and female executives across key sectors, alongside a host of MTN executives who came out to celebrate the champions and reaffirm the company’s commitment to football, inclusion and youth empowerment.

The Super Falcons’ win goes down as one of the most thrilling in tournament history. Facing Morocco on their home soil, Nigeria came back from 2-0 down to secure a dramatic 3-2 victory, clinching their 10th WAFCON title and reinforcing their status as Africa’s most decorated women’s team.

Delivering the opening remarks, MTN’s Chief Marketing Officer, Onyinye Ikenna-Emeka, highlighted the Super Falcons’ win as an inspiration for Nigerian women. “The Women’s African Cup of Nations (WAFCON) is a championship that has been held 13 times and Nigeria has won 10 times. This is no small feat. It is a testament to how determined Nigerian women can be when they set out to achieve something. What you have achieved not only makes Nigeria proud, but it makes us, even we women, proud. Here at MTN, we believe, and one of our values is ‘Can Do’, can do with integrity. Your final match exemplifies that.”

As the official telecommunications partner of the NFF, MTN presented the 150 million naira reward to celebrate the team’s resilience and achievement. MTN director, Ifueko Okauru explained that 115 million naira would go to the players and 35 million to the technical team.

“At MTN we believe in the power of connection, not just through technology, but through our soul, through our spirits, what we share and what unifies us,” said Dr. Karl Toriola, CEO, MTN Nigeria.

Toriola described the company’s investment in the NFF as fruitful. “As proud sponsors of the Nigerian Football Federation, this long-term significantly financially-heavy investment in supporting the NFF has borne so many fruits. We followed you through every match, every challenge, every trial and some of them losses. We followed you and we continue to support you and today we are so proud to say our efforts have not been in vain. We followed you for the big things, we followed you for the smaller things.

He added, “To the Super Falcons, you are more than athletes, you are inspirations. You are an inspiration for everyone in Nigeria, every young lady to go out there and make a difference. You are role models, you are ambassadors, and you are proof that when Nigerian women rise, the world will take notice.”

Captain of the Super Falcons, Rashidat Ajibade, thanked MTN and its board members for their warm reception and support. “We appreciate you a lot. We feel valued, we feel honoured, we feel respected, and this only inspires us to do better, and keep inspiring the next generation.”

“This win is for all of us,” she said, dedicating the 10th title not just to the current Super Falcons squad but to all the players who came before. While grateful for the milestone, she made it clear they were not content. “We want to take this to the next level. We want to be global contenders. We don’t want to be just local champions. It’s time to take it to the next level. We understand the huge responsibility on us, and we hope that we can all work together, the Federation, the federal government, and also private bodies to keep investing and keep supporting the Super Falcons Council so we can all achieve this objective.”

The breakfast reception featured a classical string quartet, stirring soul-Afrobeats choir rendition that had the Falcons on their feet, dancing joyfully in celebration of their hard-won victory. Singer Praiz also delivered a performance that drew cheers from the audience and added to the festive energy in the room.

As the nation continues to celebrate their victory, this moment stands as both a reward and a reminder of what Nigerian women can achieve when backed by belief, investment and opportunity. The celebration was especially timely as it fell on Pan African Women’s Day, a fitting moment to honour the strength, resilience and achievements of Nigerian women on and off the pitch.


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