News
Africa Data Centres Joins Forces with Internet Exchange Point of Nigeria (IXPN)
Africa Data Centres, the largest network of interconnected, carrier- and cloud-neutral data centre facilities in Africa, and part of the Cassava Technologies group, has taken a significant step forward in its widescale expansion into Africa by joining forces with Nigeria’s principle internet exchange point of Nigeria (IXPN).
“IXPN is unquestionably the leading internet exchange point in Nigeria and provides Africa Data Centres with the connectivity it needs to give customers market-leading service,” says Dr Angus Hay – Africa Data Centres group executive: IT & partnerships.
“The partnership will enable Nigerian entities to migrate their systems into a world-class data centre with total confidence, knowing they will have access to a highly available, secure, and connected ecosystem of strategic partners.”
In the digital economy, enterprises are migrating to the cloud and internet-centric technology, but find the expenses associated with operating their infrastructure, including backup generators and physical security, too high. Shared data centre resources reduce the total cost of ownership while increasing availability and connectivity and bringing new opportunities to partner and innovate.
“Organisations are moving away from their on-premises equipment to promote greater business agility and scalability. To do this, they need a trusted specialist provider to house their systems but, as well as a colocation provider, who can assume the role of a trusted partner, and provide excellent local and international connectivity,” adds Hay.
Effective cloud services cannot be implemented without stable Internet access and robust, reliable data centres. This is the essence of the partnership between Africa Data Centres and IXPN – they bring internet peering to the table, and the data centre provider delivers the local ecosystem for customers.
IXPN, Nigeria’s leading internet exchange provider, allows local content and service providers to connect directly for the exchange of local internet traffic rather than having their data travel long distances. They are increasing the speed with which end users can access online resources by bringing the content closer to the customer, resulting in significant improvements in business efficiency.
In a statement, Muhammed Rudman, IXPN Chief Executive Officer, expressed delight in the partnership with Africa Data Centres, saying: “We are excited to partner with Africa Data Centres towards providing an additional point of presence to our members within the new Eko Atlantic City.”
“Our partnership with Africa Data Centres provides our members with access to more peering facilities, particularly in Lagos, which will significantly improve connection performance, lower bandwidth costs, and lower latency for Nigerian internet traffic, ” he concluded.
EFCC
The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.
The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.
This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.
Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.
The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.
The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.
In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.
Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.
Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.
Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.
The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.
SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.
The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.
Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.
Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.
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