• 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 Uncategorized

Google and Oracle ramp up cloud in Africa to tap $180bn economy

1 year ago
in Uncategorized
2 min read
0 0
0
72
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Google and Oracle ramp up cloud in Africa to tap $180bn economy

The two US companies are the latest cloud giants to amp up spending in Africa to comply with data residency laws and seize the projected $180 billion internet opportunity.

Seth Onyango, bird story agency

Cloud-native startups in Africa are luring big tech firms to ramp up spending on cloud facilities as demand for cloud services that comply with data protection laws grows.

McKinsey forecasts a global cloud value of $3 trillion in 2025, with $797 billion of this value sitting in Africa and Europe.

In the same period, the International Finance Corporation (IFC) statistics forecast the continent’s e-Conomy to hit $180 billion, 5.2% of its GDP.

Google’s Cloud director, Niral Patel cited the IFC figures, highlighting the burgeoning opportunities for cloud services in Africa.

RelatedPosts

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

Africa Private Investment Nearly Doubles to $3bn on Mega Deals

Kumasi High Court Dismisses Compensation Suit by 500 Former AngloGold Ashanti Workers

On Friday, February 2, Google Cloud announced that it has opened its first cloud region in Africa, located in Johannesburg, South Africa. The new region will offer its core cloud services, such as computing, storage, networking, and security, to customers across the continent.

<script src=”https://bird.africanofilter.org/hits/counter.js” id=”bird-counter” data-counter=”https://bird.africanofilter.org/hits/story?id=1565&slug=google-and-oracle-ramp-up-cloud-in-africa-to-tap-fast-growing-e-conomy” type=”text/javascript” async=”async”></script>

Meanwhile, Oracle revealed that it plans to establish a public cloud region in Kenya’s capital city of Nairobi to meet the growing demand for Oracle Cloud Infrastructure (OCI) services across Africa.

It will be the firm’s second on the continent, with the first one opened in January 2022 in Johannesburg, South Africa.

Both Oracle and Google are competing with other cloud providers, such as Microsoft Azure and Amazon Web Services, which have also established cloud regions in South Africa in recent years.

McKinsey notes prevalent data residency laws in Africa like those in Algeria, Gabon, Niger, and Morocco have forced these firms to set up shop on the continent.

The existing laws demand localised data, making it impossible for many firms to use the public cloud due to limited provider presence.

Kenya, South Africa, Tunisia, and Uganda also impose restrictions on cross-border data transfer.

A surge of cloud computing investments comes is also fuelled by factors like increased continental access to broadband internet.

Africa does not have a large installed base of legacy IT systems and hardware that need to be replaced or integrated with cloud services.

This gives businesses the opportunity to leapfrog ahead and adopt cloud-native applications and platforms that are more agile, scalable, and cost-effective.

According to some estimates, demand for cloud computing services in Africa is growing at between 25% and 30% annually

Google and Oracle are, thus honing in on the pulse of innovation — the thriving community of cloud-native startups.

These nimble enterprises, born and bred in the cloud, have become the focal point of attention for two tech giants eager to contribute to and benefit from Africa’s expanding tech ecosystem.

In its last insights last month, McKinsey said African companies that “can make the leap stand to gain a sizeable prize.

the consulting firm’s recent research projected a global cloud value of $3 trillion across what it categorized as the “Rejuvenate dimension (IT cost efficiencies) and the Innovate dimension (revenue uplifts and business operations savings).”

In Africa, cloud adoption among respondents is consistent across African regions, with the highest levels, 70 to 77%, in East Africa, West Africa, and Southern Africa, according to the consulting firm.

Investors in the cloud space like Oracle and Google are also keen to develop cloud skills and talent.

Both companies have launched initiatives to train and certify African developers, students, and educators on cloud technologies and applications.

bird story agency

 

Tags: Google and Oracle ramp up cloud in Africa to tap $180bn economy
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.