Africa Data Centre Market is Projected to Reach $7bn by 2028

Africa’s data centre market is growing at an unprecedented rate, driven by increasing internet penetration, rapid adoption of cloud computing, and soaring demand for digital services. As the continent embraces the digital revolution, the data centre market is projected to reach over $7 billion by 2028, an annual growth rate (CAGR 2024-2028) of 7%. This growth is not only transforming Africa’s digital landscape but also presenting significant opportunities for investors, technology companies, and local businesses.

Five Tech Megatrends that can Transform African economies in 2021 and beyond

Richard Li of STEEL Advisory Partners explores five tech megatrends poised to transform African economies in 2021 and beyond. Clean technology (CleanTech) drives renewable energy, sustainability, and green jobs. Educational technology (EdTech) expands access to learning and vocational skills. Healthcare technology (HealthTech) and medical technology (MedTech) strengthen public health and telemedicine. Digital commerce boosts intra-African trade, FinTech adoption, and e-commerce growth. Agricultural technology (AgriTech) addresses food security and urban farming while enabling data-driven productivity. By harnessing these technologies, African nations can accelerate digital transformation, create jobs, and build resilient, future-ready economies.