{
Absa Group Limited

Companies

}

teraco secures 442 million loan for new ai data center facility

Teraco Data Environments Ltd. has secured an 8 billion rand ($442 million) loan from Absa Group Ltd. to develop a new facility aimed at supporting the growing demand for artificial intelligence applications. This expansion will increase Teraco's capacity to 228 megawatts, reinforcing its status as Africa's largest data-center operator, according to CFO Samuel Erwin.
bloomberg.com
South African Rand United States Dollar Teraco Data Environments Ltd. Absa Group Limited ZAF Samuel Erwin
Technology & Innovation, Market Report
07:38 13.11.2024

african financial markets see fastest growth in seven years

Africa's financial markets are experiencing their fastest growth in seven years, driven by economic recovery and declining inflation. In a recent report, 23 out of 29 countries assessed showed improved scores, reflecting growth in pension fund assets, enhanced foreign exchange reserves, and a selective restoration of access to global capital markets.
bloomberg.com
Absa Group Limited ZAF
Finance & Economy, Market Report
13:00 24.10.2024
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