Liquid has announced that it has opened its fifth mega data center in South Africa, which has a capacity of 20MW. Going forward, the company is targeting a further 10 data centers across Africa's largest cities. Liquid's founder Strive Masiyiwa made the announcement.
These projects are being funded through $500m in equity and loans sourced from the UK's CDC, the World Bank's private sector investor IFC, and the US's Development Finance Corporation.
Liquid's founder Strive Masiyiwa
In a Facebook post, Masiyiwa said: "Covid can delay but it cannot deny!" Further to this, he outlined that all the facilities would be fuelled by renewable energy provided by DPA.
He added: "We have now secured over $500m in equity and loans to build what we call 'Project Decima'; the largest Data Center campuses in 10 African countries, each representing an investment of $50m. We call such large data center facilities' Hyper Scale', because they are designed to accommodate the needs of large global tech companies that support cloud based services. We offer our customers unique and unequalled innovation; each of these facilities is interconnected with our 100,000 km fibre network, that spans the entire continent."
