GUGU LOURIE: Billionaire Strive Masiyiwa aims to put Africa’s digital economy in the fast lane

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GUGU LOURIE: Billionaire Strive Masiyiwa aims to put Africa’s digital economy in the fast lane
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Zimbabwean philanthropist is preparing continent for a connected economy by building data centres and fibre networks 🔒

Like many people affected by Eskom’s load-shedding, I found myself thinking about technology and how authentic leadership can accelerate development and fight poverty in Africa and the rest of the world.

Unconvinced, the builder waxed lyrically: “Masiyiwa is the epitome of what a true leader should be. African politicians can learn a lot from him.” Since data centres form the foundation of the internet, they play a fundamental role in society and the digital economy. Africa Data Centres secured $250m total equity and debt investment from the IFC to grow its hyperscale data centre capacity in Egypt, Kenya, Nigeria and SA. Liquid is banking on benefiting from the continent’s growing population that is increasingly urbanised and data hungry.

Liquid’s investment will facilitate the further rollout of its fibre broadband network that already covers 100,000km of sub-Saharan Africa. The organisation’s fibre infrastructure affects more than 100-million people across 643 towns and cities on the continent. Just imagine what could be achieved if Liquid and Masiyiwa were supported by other cash-flush African operators to enable inclusive growth driven by fibre and data centres. Sub-Saharan Africa could generate the $100bn digital infrastructure required for the backbone of its digital economy.

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BDliveSA /  🏆 12. in ZA

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