Telecom
Data Center Operators to Invest Massively in Growth of Digital Infrastructure Across Africa
Leading data center operators across Africa are investing massively in expanding their footprint to power the explosive growth in data consumption and digital services fuelled by the COVID-19 pandemic.
Server racks in server room data center.
These investments will ensure that large enterprises delivering services across Africa, and global Content Delivery Networks will be able to provide seamless and uninterrupted services to their subscribers without incurring the costs of building their own data centers.
This was revealed at the recently concluded plenary session at the International Telecoms Week 2021 themed “Explore the growing Data Center ecosystem in West Africa”, sponsored by MainOne.
The panel comprising of the leadership of leading data center businesses across the continent included the CEOs of MainOne, Funke Opeke, Ayotunde Coker of Rack Center, Wouter van Hulten of Pan-African Internet Exchange Data Centres (PAIX), Stephane Duproz of Africa Data Centres and was moderated by Guy Zibi of Xalam Analytics, the leading analyst covering data center developments on the continent.
The industry leaders highlighted the acceleration of investments in the digital infrastructure space in the region brought about by the COVID-19 pandemic which exposed the gaps that exist in the market.
Of particular note was the fact that West Africa currently delivers less than 10% of the total African data center capacity and that Africa which is home to about 17% of the world’s population has only 1% of the global data center capacity.
This under-representation points to the fact that majority of data content consumed in Africa is hosted outside the continent and the market is severely underserved.
The speakers agreed that the market was ripe for expansion given the increasing access to broadband and the rapid uptake of services by large enterprises, FinTechs, and global players entering the region for the first time.
In addition, the companies expect that growth to skyrocket with the new submarine cables planned by large global content providers and the deployment of edge nodes in the region.
The CEO of MainOne reviewed the company’s role in closing the gap in the region’s Data Center capacity, stating “In Ghana, we recently launched a Tier III Data Center in Appolonia City, and in Nigeria, we are expanding our Lekki Data Center facility in Lagos which is near capacity with a new build. We will also break ground on our expansion in the VITIB Free trade zone in Abidjan before the end of the year.
The session closed with reflections around the need for sustainability of Data Centers as more organizations focus on becoming carbon neutral. MainOne demonstrated leadership in this area stating “Power remains a challenge in this part of the world and we realised that while there is power available in the grid all across Africa, distribution is one of the key challenges.
“Our strategy has been deploying facilities with direct, privately enabled, access to grid power or independent power plants. This strategy has delivered 94% grid power availability to the Lekki Data Center where we are already exploring replacing diesel with gas and renewable sources for our residual power needs.”
The 2021 Africa Panel session at ITW, continuously sponsored by MainOne for 8 years remains the leading platform for key global players to share perspectives on the growth of digital infrastructure across Africa.
TECNO SPARK 30 city tour made a memorable stop at Ikeja City Mall on November 15th, bringing with it an infectious energy that electrified the entire city.
As the event unfolded, it was clear that this was more than just a product showcase – it was an immersive experience designed to thrill and delight.
The day’s festivities kicked off with the iconic TECNO SPARK 30 transformer bus, painted in bold red and blue hues, rolling into action.
The bus served as the hub for a games grotto, where fans immersed themselves in thrilling digital games and adventures.
Outside, the excitement spilled over, with attendees engaging in friendly competitions of Jenga, Monopoly, Ludo, and chess.
These games sparked laughter, playful banter, and a sense of camaraderie among strangers.
As the games heated up, so did the rewards. Purchasers of the TECNO SPARK 30 Pro enjoyed a N20,000 discount and a chance to win up to 100% cashback by participating in the games.
The atmosphere was electric, with cheers of victory, enthusiastic applause, and celebratory high-fives.
The excitement reached a fever pitch with the arrival of tech and lifestyle creator Kagan, accompanied by Big Brother Naija Season 9 stars Victoria and Ruthee.
The trio dove into the action, competing in games and claiming victory. They were awarded TECNO-branded gift items, earning cheers and applause from the thrilled crowd.
The event was an unforgettable experience, leaving a lasting impression on all who attended.
During peak shopping days, this threat intensifies.
Here’s what happens: with the surge in online deals, more employees may be shopping from their work computers, feeling that Cyber Monday is a legitimate time to do so.
This increases the risk of them clicking more freely and potentially exposing the organization to malicious links or phishing attacks.
To keep your organization safe, encourage your team to follow these simple tips:
• Don’t click deals in email that look too good to be true or are from businesses you don’t have accounts from – these could be phishing emails hoping to bait you into clicking links to bogus, malicious web sites.
This season, small steps can make a big difference in protecting against cyber threats.
MTN Nigeria Communications Plc has announced plans to issue up to N50bn in Series 13 and 14 Commercial Paper Notes under its N250bn Commercial Paper Issuance Programme.
This proposed issuance aligns with the company’s strategy to broaden its funding sources and strengthen its liquidity position.
The proceeds from the issuance are earmarked to support MTN Nigeria’s short-term working capital needs, enabling the company to sustain its operations and meet financial obligations effectively.
In a statement to the Nigerian Exchange Limited (NGX) and the investing public, MTN Nigeria emphasized its commitment to maintaining financial stability and operational efficiency.
According to the statement signed by Uto Ukpanah, company secretary, further details regarding the structure, pricing, and timeline of the issuance will be disclosed to the market in due course, as MTN Nigeria continues to engage with stakeholders and regulatory authorities.
MTN Nigeria recently completed its series 10 commercial paper issuance under its upsized N250bn commercial paper issuance programme.
The telecom giant said it sought to raise N72.1bn and the offer recorded 149 per cent subscription with N72.1bn issued.
The 266-day commercial paper was issued on 29 November 2023 at a yield of 16 per cent.
The CP issuance aligns with MTN Nigeria’s strategy to continue diversifying its funding sources and reducing its average cost of debt. The proceeds will be applied towards short-term working capital requirements.
Karl Toriola, chief executive officer, MTN Nigeria said. “We are pleased with the support received from the investor community, having recorded a 149 per cent subscription from a broad range of investors. This reflects NTN Nigeria’s robust financial capacity, brand strength, and market leadership amidst the upward pressure on interest rates”
Stanbic IBTC Capital Limited played the role of Arranger and Dealer with ARM Securities Limited. Chapel Hill Denham Advisory Limited, Coronations Marchant Bank Limited, FCMB Capital Markets Limited, Quantum Zenith Capital &Investments Limited, Rand Marchant Bank Limited, and Vetiva Capital Management Limited played the role of Joint Dealers on the transaction.
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