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Africa Data Centres has requested a disbursement of funding from a larger grant awarded by the International Development Finance Corporation (DFC) in 2021. The total award was for $300 million USD; Africa Data Centres has requested $83 million be released so that they can expand existing data centres in South Africa.

Digital Realty, leading provider of data centre, colocation, and interconnectivity solutions, has agreed to sell an existing facility for $205 million USD.

It is becoming increasingly common for billionaire investors and hedge funds to build up large stakes in businesses and then drive forward with disruptive strategies at those companies. Technology firms have been one of the sectors that activity investors have targeted in recent years.

iProov tripled its revenues and there were multiple days in 2021 where they processed more than 1 million verifications, illustrating the strong growth they have achieved.

One of the problems with offering tax incentives to data centres is that the tax benefits are substantial and often ongoing for years or even decades – while the number of permanent jobs that are added to communities as a result can be quite small.