Teraco Data Environments, a vendor neutral colocation data centre operator and Internet exchange point (IXP) has announced that it has increased the size of its medium term funding facility to R400m, secured from Barclays Africa.
“This is a further significant milestone for Teraco. This facility, together with internally generated funds are earmarked for continuing our large scale investments into Data Centre Infrastructure roll-outs,” says Jan Hnizdo, Teraco’s Chief Financial Officer.
Teraco builds and operates colocation data centre facilities that enable clients to deploy telecommunications equipment and other key IT infrastructure in a scalable way. Teraco further provides clients with a secure environment where they are able to easily connect to submarine cable systems, local terrestrial networks, most major African IP backbones and key content aggregation hubs.
“Teraco’s premium data centre services are in high demand, and the demand is set to continue underpinned by strong growth in the Internet and increased cloud adoption,” says Lex van Wyk, CEO of Teraco.
Teraco has seen a rapid expansion in its footprint over the last three years to include three state-of-the-art data centres located in Cape Town, Durban and Johannesburg, which combined, comprise 10 MVA of power plant, powering over 6,000m2 of data centre space. Teraco is also home to NAPAfrica, Africa’s largest neutral layer-two Internet exchange point (IXP), a home to more than 180 peers across sub-Saharan Africa.
Hnizdo says the Barclays Africa funding facility will allow for the construction of a large new data centre in Johannesburg to meet continued client demand. The initial phases in the construction of the JB2 facility are projected to commence in 2015.
“Barclays Africa has been an integral partner to the continued success of Teraco, they have been supportive and flexible with regards to our growth ambitions and understand our unique business model associated infrastructure funding requirements,” concludes Hnizdo.
“This is an exciting sector right now. We are delighted to assist Teraco again in the funding of their new data centre to meet continued client demand and to help them in delivering on their client proposition” says Jason Abt, Head of Leveraged Finance and Corporate Debt, from Barclays Africa.
“Telecommunications is an exciting industry to be in right now – it is at the heart of the explosive innovation and growth centred around the Internet – and Teraco has rapidly evolved into being the internet exchange point (IXP) and connectivity hub for sub- Saharan Africa. The securing of the additional Barclays Capital funding will allow Teraco to remain a significant contributor in the industry,” van Wyk concludes.
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These are the trends driving innovation in Africa
According to new research, across all consumer industries, innovation in sub-Saharan Africa is seeing new products and services offered to address challenges the continent faces.
Global market research company Euromonitor International revealed the top trends in the African retail market at its first conference in Johannesburg this week.
The research identified eight trends driving innovation in sub-Saharan Africa:
- Accommodating basic services: There is a long-term benefit in helping communities gain access to basic services, such as water, electricity, and agricultural expertise to develop farm lands.
- Going Rural: Urbanisation has been the standard metric for defining the development of a country. The continent has a lot to gain by looking at opportunities within rural areas.
- Sustainability: In a region that already suffers from droughts, heat stress and flooding, sustainability is not just about using recycled products but addressing water shortages on the continent.
- Local ingredients: Despite the wealth of ingredients available in sub-Saharan Africa, ingredients are still imported from other countries, as the technical expertise for processing is lacking.
- Technology: mobiles, hubs and Apps: Many Africans are using technology to create opportunities beyond mobile payments.
- Partnerships and cooperatives: Small business is fast becoming the success story of Africa, with many of them locally based and able to tap into the needs and interests of the local community.
- Go very local: While Africans are embracing modern technology, they also want to keep cultural and social nuances alive.
- Creative paying systems: Payment systems are helping businesses and consumers alike – get access to basic needs and services.
Matthew Carty, Euromonitor global sales director for academics, said: “The eight trends impacting innovation in sub-Saharan Africa provide insight into opportunities to win in Africa. These trends leverage local resources and infrastructures influencing the flow of goods between countries – or through the supply chain and into the hands of the end consumer.”
The sub-Saharan African market faces numerous challenges. Opportunities can be developed by turning challenges into concepts and turning those concepts into opportunities. The eight trends see innovation and solution-provision going hand in hand. This will foster economic empowerment, enabling Africa to continue its story as a continent on the rise.
Download a free copy of the presentations here: https://bit.ly/2Uyu5I4
Diversity is crucial to tech
By DOUG WOOLLEY, GM Dell EMC South Africa
Gender inequality has dogged the ITC world for a long time. According to research from McKinsey, less than 20% of roles in the sector are filled by women. Overall, the report found that women under-contribute to global GDP because they are more likely to be employed in low-productivity sectors instead of high-productivity ones such as business services. This needs to change.
Humans are social creatures. It’s hardwired in us to communicate, collaborate and lift each other to achieve. There isn’t a single example in history where someone accomplished anything great on their own. Behind every iconoclastic moment stands a group of people who were there to help, advise and create. Humans are stronger together – that’s how we’ve come so far.
For Dell Technologies this is not even a matter for debate. Its culture code includes winning together, selflessness and relationships. A long time ago the company affirmed not only that people are its most valuable assets, but that diversity is fundamental especially in today’s fast-evolving world. This is why it’s proud to sponsor the Women In Tech Africa summit, due to happen on 18 and 19 March in Cape Town.
Brian Reeves, our international chief diversity and inclusion officer, said it best: it’s in the DNA of the company. It’s not what we do, it’s who we are. That message has particular importance in South Africa, where we have a constitution that celebrates equality. Yes, this is a very unequal country, but that’s why we must take this responsibility even more seriously. Diversity is a competitive advantage, but in the case of South Africa it’s how we are defining the future.
Summits such as these are very important. We have to move past the perception that diversity and inclusion are only for window dressing. The fact is I can tell you all the time how serious Dell Technologies is about this, but only action grows real change. So we are very happy and keen to support this summit because it tackles a very crucial and multi-dimensional topic.
Our team is very focused on expanding Dell EMC SA’s diversity. Last year he sponsored the launch of the Black Network Alliance’s first non-US chapter, right here in South Africa, and initiated by Dell EMC’s Black Networking Alliance (BNA) EMEA Lead Angela Allen. The BNA is one of numerous Dell Technologies employee resource groups (ERGs). Spread across more than 60 countries and 300 chapters, these ERGs include groups for a variety of concerns, including empowering women.
Not only are there ERGs, but Dell Technologies audits and scrutinises its diversity projects with the same rigour and expectations as it would for other parts of the business, taking into account how it impacts the top line, bottom line, and innovation. Sponsoring the Women in Tech Africa summit is yet another confirmation of how seriously Dell EMC SA treats diversity as a business advantage. It’s a message resonated by partners such as VMWare, another sponsor for the summit.
Lorna Hardie, regional director at VMware sub-Saharan Africa, said: “As part of a global business where inclusion has moved from a discussion around the boardroom table to one we live and breathe every day, it is critical that we bring these actions, and not just teachings to all women in Africa. Supporting platforms such as the Women in Tech Africa summit, provides us with an opportunity to put the spotlight on diversity and inclusion, to share the collective experiences that as sister companies we share, and work on bringing a working inclusive model to the African workplace.”
The Women in Tech Africa summit will take place on 18 and 19 March in Cape Town, South Africa, at the Century City Conference Centre. Visit https://www.women-in-tech-africa-summit.com/ and use the code DELL20 for a 20% discount.