• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, November 13, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ghana In-Line to Benefit from US $300 million Data Hub Facility

M.Cby M.C
October 13, 2023
Reading Time: 3 mins read
Ghana In-Line to Benefit from US $300 million Data Hub Facility

The Africa Data Centres (ADC) and the US International Development Finance Corporation (DFC) have signed an agreement to partner and set up a Data Hub in Accra to promote digitalisation and development where Ghana is set to benefit from a US $300 million fund.

Mr Scott Nathan, the Chief Executive Officer, DFC, who signed on behalf of his Corporation, said 50 million, representing 15 per cent of the total 300 million dollars committed by the DFC to building the hubs in Africa would be allotted to building the facility in Ghana. The Data Hub will help to attract data-driven companies looking for a foothold or to expand their operations in growing African economies.

Mr Scott Nathan noted that safe, secure and open information technology networks are a critical foundation for the development of any vibrant, innovative economy and a vital part of the infrastructure that allowed a dynamic private sector to grow and thrive.

RelatedPosts

China’s 6G Breakthrough Signals Bold Leap into Fourth Industrial Revolution

Lab-Grown Sperm And Eggs Could Soon Enable Parents To Design Their Future Children

Intel’s New Laptop Chips to Extend Battery Life

The Hub would be up to social standards, be financially sustainable and environmentally friendly and support businesses while providing job opportunities.

Mr Finhai Munzara, Chief Financial Officer of ADC, who signed on behalf of his Centre, indicated each day on earth, 500 million tweets, 294 billion emails, four million gigabytes of Facebook data, 65 billion WhatsApp messages and 720,000 hours of new content added daily on YouTube were generated.

From under 200 Megawatts (MW) of Data Centre Capacity currently, he said Africa needed up to 1,000 MW and 700 facilities to meet demand.

ADVERTISEMENT

After signing the US$300 million facility, Mr Munzara said the DFC had already supported ADC’s development of the critical infrastructure in Kenya and South Africa, as part of their ambitious plans to reach 10 of the Continent’s major economic hub.

The Vision of a ‘Digitally Connected Future that Leaves no African Behind’

The DFC also helped ADC’s parent company ‘Cassava Technologies’ to meet its vision of a ‘Digitally Connected Future that Leaves no African Behind’. “We are pleased to extend the strong relationship to enable faster digital transformation in Ghana, a country that is becoming a regional digital hub, enjoying a significant share of West Africa’s internet traffic,” he said.

Mr Munzara disclosed that ADC planned to deliver up to 30MW of IT capacity in Multiple Phases, within the Ghana Trade Fair site. He explained that the site was chosen as it provides a unique opportunity to deliver the critical hyperscale Information Technology infrastructure in a secure, central location within the city limits; and close to key connectivity infrastructure.

The U.S. Ambassador to Ghana, Madam Virginia Palmer, said technological advancement and digitalisation were the lifeblood of innovation and progress as they fuelled economic growth, drove entrepreneurship, and enhanced collective ability to solve the most pressing global challenges. “Their transformative power improves access to education, healthcare, and government services,” she added.

In December 2022 during the Africa Leaders’ Summit, President Joe Biden launched the Digital Transformation with Africa initiative, designed to expand digital access and literacy while strengthening digital enabling environments across Africa, the Ambassador said.

Working with Congress, she said the initiative intended to invest over $350 million and facilitate over $450 million in financing for Africa in line with the African Union’s Digital Transformation Strategy and the U.S. Strategy Toward Sub-Saharan Africa.

To improve access to agricultural and weather data, Madam Palmer said USAID was supporting the use of ICT-based tools to help smallholder farmers to manage their operations. “This initiative is helping stakeholders track and analyse disaster risk, enabling early warnings of and efficient responses to disasters such as flooding and fires to limit their impact on food security,” she said.

The Ambassador said support to streamline and digitise customs processes and business development services was improving revenue collection, reducing losses, and increasing investment in high-value agricultural goods. “The United States government is proud to be a partner in Ghana’s journey toward digital transformation. Together, we can build a brighter, more connected, and prosperous future for all,” she said

READ ALSO: Stanbic Bank Launches Third Issue of Africa Trade Barometer

Tags: Africa Data Centres (ADC)Data Hub FacilityGhana In-Line to Benefit from US $300 million Data Hub FacilityUS International Development Finance Corporation (DFC)USAID
Share1Tweet1ShareSendSend
Please login to join discussion
Previous Post

Stanbic Bank Launches Third Issue of Africa Trade Barometer

Next Post

Journalist Killed In South Lebanon

Related Posts

China’s 6G Breakthrough Signals Bold Leap into Fourth Industrial Revolution
Technology

China’s 6G Breakthrough Signals Bold Leap into Fourth Industrial Revolution

May 6, 2025
Lab-Grown Sperm And Eggs Could Soon Enable Parents To Design Their Future Children
Technology

Lab-Grown Sperm And Eggs Could Soon Enable Parents To Design Their Future Children

January 28, 2025
Intel’s New Laptop Chips to Extend Battery Life
Technology

Intel’s New Laptop Chips to Extend Battery Life

January 6, 2025
Hon. Ursula Owusu-Ekuful, Minister for Communications and Digitalisation
Technology

Ghana Launches 5G Network, Promises Nationwide Coverage by 2026 

November 1, 2024
Elon Musk
Technology

Elon Musk’s X Faces Legal Battle in Ireland Over Data Use

August 7, 2024
Crowdstrike outage
Technology

CrowdStrike’s $10 Apology for Global Software Meltdown Backfires

July 24, 2024
Hon. Ato Forson, Finance Minister.
Extractives/Energy

ECG Revenue Improved by 90 Percent – Finance Minister

by Bless Banir YarayeNovember 13, 2025
Mr. Luc Strybol, Vice President for the Americas and Africa at FIT, Hon. Sampson Ahi, Deputy Minister of Trade, Agribusiness and Industry, and Ms. Florence E.N.A. Acolatse, Trade Advisor at FIT’s Accra representation
Vaultz Business

Belgian Delegation Seeks Deeper Investment in Ghana’s Industrial Sectors

by Silas Kafui AssemNovember 13, 2025
Dr. Dominic Akuritinga Ayine, Attorney General and Minister for Justice
General News

Baffoe-Bonnie More than Qualified for CJ Role – AG Contends

by Emmanuel Tibila BoasahNovember 13, 2025
Justice Paul Baffour Bonnie
General News

Parliament Approves Paul Baffoe-Bonnie as Chief Justice

by Evans Junior OwuNovember 13, 2025
Entertainment

Okraku-Mantey Proposes Conversion of Daddy Lumba’s Residence into Museum and Mini-Restaurant

by Esther Korantemaa OffeiNovember 13, 2025
Hon. John Abdulai Jinapor (MP), Minister for Energy and Green Transition
Extractives/Energy

Energy Minister Calls for Urgent Action to Boost Oil Production and Strengthen GNPC 

by Prince AgyapongNovember 13, 2025
Hon. Ato Forson, Finance Minister.
Mr. Luc Strybol, Vice President for the Americas and Africa at FIT, Hon. Sampson Ahi, Deputy Minister of Trade, Agribusiness and Industry, and Ms. Florence E.N.A. Acolatse, Trade Advisor at FIT’s Accra representation
Dr. Dominic Akuritinga Ayine, Attorney General and Minister for Justice
Justice Paul Baffour Bonnie
Hon. John Abdulai Jinapor (MP), Minister for Energy and Green Transition

Recent News

Hon. Ato Forson, Finance Minister.

ECG Revenue Improved by 90 Percent – Finance Minister

November 13, 2025
Mr. Luc Strybol, Vice President for the Americas and Africa at FIT, Hon. Sampson Ahi, Deputy Minister of Trade, Agribusiness and Industry, and Ms. Florence E.N.A. Acolatse, Trade Advisor at FIT’s Accra representation

Belgian Delegation Seeks Deeper Investment in Ghana’s Industrial Sectors

November 13, 2025
Dr. Dominic Akuritinga Ayine, Attorney General and Minister for Justice

Baffoe-Bonnie More than Qualified for CJ Role – AG Contends

November 13, 2025
Justice Paul Baffour Bonnie

Parliament Approves Paul Baffoe-Bonnie as Chief Justice

November 13, 2025
lumba

Okraku-Mantey Proposes Conversion of Daddy Lumba’s Residence into Museum and Mini-Restaurant

November 13, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address