• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Africa’s online retail interest grows as data centers predict $5bn valuation by 2026

2 years ago
in Business, Features, highlights, Home, home-news, latest News, Technology
2 min read
0 0
0
97
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Africa’s online retail interest grows as data centers predict $5bn valuation by 2026

The rapid expansion of Africa’s online retail sector, driven by the pandemic’s impact and the subsequent surge in demand for storage, distribution, and last-mile logistics infrastructure, has triggered a substantial upswing in interest towards data centres across the continent.

A recently published report by Knight Frank underscores that data centres present a more economical and efficient IT solution compared to in-house servers, elevating their appeal.

These centres also deliver cloud services, empowering organizations to focus on their core operations.

Investors have already taken notice of the growing demand for additional data centres in Africa.  

An excerpt from the report highlights this trend: 

  • “Investment in the market is projected to have a Compound Annual Growth Rate (CAGR) of approximately 15% from 2020 to 2026. In 2020, the data center market size in terms of investment was valued at US$2 billion, and it is expected to reach US$5 billion by 2026.” 

Over the past year, several significant transactions have taken place across the continent, including Digital Realty’s acquisition of Terraco for $3.5 billion. This acquisition followed Digital Realty’s purchase of iColo, a leading Kenyan-based platform with facilities in Nairobi and Mombasa, a central subsea cable access point for Africa. 

RelatedPosts

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

Additionally, Equinix entered the African market by acquiring MainOne data centres, a company with a presence in Ghana, Côte d’Ivoire, and Nigeria, for $320 million. 

Further investments are also pouring in, with NTT and Vantage Data Centres committing over $500 million to new data centres in Johannesburg and the surrounding areas.

Pan-African players like Africa Data Centres, Raxio, and PAIX, as well as global giants like China Mobile and Alibaba, are already operational or entering new markets, including the Democratic Republic of Congo, Congo, Ghana, and Côte d’Ivoire. 

While South Africa, particularly Johannesburg, has been the dominant player in the African data centre landscape due to its strategic location, abundant subsea cable landing stations, political stability, mature enterprise markets, and corporate presence, other hubs are emerging in Nigeria, Egypt, Kenya, and Morocco. 

  • In Nigeria, the financial services sector’s demand is driving the expansion of data centre capacity. Various local and pan-African data centre operators are announcing new projects to meet this demand, including the unveiling of a Tier IV Data Center in Kano, designed to support private businesses and public sector organizations. 
  • Egypt, in North Africa, is also attracting mature Middle East-based colocation platforms, such as Khazna and GDH, looking to enter the market due to undersupply and potential demand. Historically, the Egyptian market has been challenging to enter due to the telecom monopoly held by Telecom Egypt. 
  • Kenya, with its renewable transmission power access and investor-friendly environment, continues to draw attention. However, the government and public sector have not yet indicated plans to migrate IT infrastructure to the public cloud, which could be a catalyst for further data centre growth. 
  • Morocco’s stable economy and reliable power infrastructure make it an attractive destination for data centre investment. 

The African data centre landscape appears promising in the coming years, with expectations of increased merger and acquisition (M&A) activity, primarily led by US data centre operators.

Stakeholders are actively seeking viable development sites with power, fibre, and permitting potential across the continent, anticipating significant growth in the sector in 2023/24. 

Tags: Africa’s online retail interest grows as data centers predict $5bn valuation by 2026data centersonline retail
No Result
View All Result

Highlights

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Tanzania Sink Burkina Faso to Delight Home Crowd In TotalEnergies CHAN 2024 Opener

Trending

Features

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

MTN Nigeria Now the Most Capitalized Stock in Nigeria MTN Nigeria has surged to become the most...

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

US Companies Cut Investments in China to Record Lows, Here’s Why

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.