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Monday, September 26, 2022

Econet starts construction of $100 mln data centre in Lagos~Masiyiwa

By Oludare Mayowa

Econet Global, the first mobile telecoms to received GSM licence in Nigeria, which later transformed to the present day Airtel is staging a big come back to the country with the construction of a $100 million new data centre facility in Lagos.

According to the founder of Econet and Liquid Telecom, Strive Masiyiwa, the construction of the data centre named the ADC Atlantic “is our largest investment in Nigeria since the mobile industry started.

He wrote in the post, “This week marked the start of the construction of our first major Data Centre facility in Lagos, Nigeria. Named the ADC Atlantic, this is a $100 million investment in the Nigerian economy,” Masiyiwa wrote in a FaceBook post titled “Mini-post: Launching a new revolution…”

According to him, in the Data Centre world, this will be the largest facility outside South Africa.

“Data Centres are huge computer facilities which require massive cooling, so we must provide a lot of power to make them operate.

“ADC works with its sister company DPA which provides the power system using solar energy and natural gas.

READ ALSO: Nigeria gets World Bank approval for $1.5 bln budget support credit

“Once again, I’m kicking off a new revolution in the next phase of technology. What is important is not the Data Centres but the technologies that will be unleashed in Nigeria because of this infrastructure. That’s the BIG deal here!

“Finally, the picture on this post is an Architect’s rendition of part of the building in Lagos… it will ultimately cover five acres!

“From vision to execution can be a long road, but don’t lose heart or let this global pandemic slow you down,” the Econet founder wrote in the post, which he subtitles “Even a pandemic won’t stop the next phase of technology!.”

He also disclosed that another major development for his company was the approval of an investment of $300 million into this business by the United States government’s International Development Finance Corporation known as DFC.

“This money will allow us to expand our facilities in South Africa and Kenya, as well as build new facilities in Egypt, Ghana, and Morocco,” Masiyiwa said.

~Phote: An Architect’s rendition of part of the Data Centre building in Lagos

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