Econet begins construction of $100m data centre in Lagos

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Strive Masiyiwa, founder and chairman of Econet Wireless Global Ltd., speaks during the annual Milken Institute Global Conference in Beverly Hills , California, U.S., on Monday, May 2, 2016. The conference gathers attendees to explore solutions to today's most pressing challenges in financial markets, industry sectors, health, government and education. Photographer: Patrick T. Fallon/Bloomberg via Getty Images

The Founder, Econet Global and owner Liquid Telecom, Strive Masiyiwa, work has commenced on a data centre facility in Lagos valued at $100m.

Masiyiwa said the data centre, which would be the largest facility outside South , had been named Data Centre, Atlantic and would be built on five acres land.

While displaying the architectural design the data centre made by Trevor Juul in a Facebook post, he said the facility would be powered by and natural gas.

As part of the investment in Nigeria, he said Liquid’s Undersea cables company would land a capacity cable into Nigeria next year in partnership with Google.

This, according to him, will data costs much cheaper and faster.

He said, “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 $100m investment in the Nigerian economy. In the Data Centre world, this will be the largest facility outside South .

“This cable which is in partnership with Google will also extend all the way to Cape Town, South . We are also going to start laying fibres in major cities from next year,” he said.

He added, “This is our largest investment in Nigeria since the industry started.

Once again, I am kicking a new revolution in the next phase of technology. What is important is not the data centre but the technologies will be unleashed in Nigeria because of this . ’s the big deal here!”

Liquid Telecom had raised $307m a rights issue to fund a rapid expansion of its data centre business across Africa.

The rights issue included an additional $40m from UK development finance institution, CDC Group Plc.

Masiyiwa first invested in Nigerian telecom industry in 2001, after MTN, before selling its shares to Celtel and then Bharti Airtel.