Reported 11 days ago
Teraco Data Environments Ltd. has partnered with Absa Group Ltd. to secure an 8 billion rand ($442 million) loan to expand its data center operations in response to increasing demand for artificial intelligence applications. This new facility will enhance Teraco's capacity to 228 megawatts, strengthening its position as Africa's largest data center operator. The investment aims to meet the growing need for tech infrastructure across the continent, driven by its rapidly expanding internet-savvy population.
Source: YAHOO